BUZZ-B Riley surges as Oaktree loan helps pay off Nomura debt
ReutersFeb 27, 2025 12:41 PM
B. Riley Financial's shares RILY.O surge nearly 15% premarket
Beleaguered investment bank RILY gets $160 mln debt facility from Oaktree Capital, uses $118 mln to repay debt to Nomura and rest for working capital
Stock has been in tailspin since August when it forecast huge losses due to exposure to Vitamin Shoppe-owner
Stock has plunged 66% since then, despite a recent surge
Stock regained Nasdaq compliance after filing delayed Q3 earlier this week; prelim FY results due Monday
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