Financial services company B Riley (RILY) has priced their new previously announced preferred stock issue.
The issue prices with a coupon of 7.375%. The issue is unrated, but cumulative and qualified.
The OTC grey market ticker has NOT been announced as of this moment, but expect it this morning yet.
NOTE that the ticker RILYL is a ticker they used on a redeemed baby bond last year–we will post if a change is made in the ticker. At times reused tickers cause confusion.