B Riley Financial (RILY) will once again sell a new issue of baby bonds. The new issue will mature in 2028.
The company already has many issues of baby bonds and preferred stock outstanding which can be seen here. The new issue will offer a bonus for early redemption.
The company intends to redeem all or a portion of the 7.375% RILYH baby bond issue which matures in 2023 with the proceeds of the new issue. RILY will need to pay a 37.5 cent early call premium on the call.
J was right on the new issue.