New B Riley Baby Bond Now Trading

The new 6.75% baby bond from B Riley is now trading under the ticker of RILYO on NASDAQ and is trading around $24.85.

This issue was upsized from the original announced 2 million shares (bonds) to 3.48 million. The issue has a maturity on 5/31/2024.

Details on the new issue can be found here.

This issue pays a bonus for an early call. 2% (50 cents) from 5/31/2021 to 5/30/2022 and 1% (25 cents) from 5/31/2022 to 5/31/2023.