In an unusual late day filing B Riley Financial (RILY) has announced another issuance of baby bonds.
The company, which has become a serial issuer of debt, plans to sell 5 million shares.
The company has stated that proceeds over $100 million (if any) will be used to redeem some (or all) of the 7.25% issue (RILYG) issue.
The issue will have a maturity date in 2026.
RILY has a very long list of baby bonds and preferred shares outstanding which can be seen here.
J noticed this late day filing.