B. Riley Restructures Debt and Engages in JOANN Liquidation for Financial Stability

February 27, 2025 - 16:05

B. Riley has taken significant steps to secure its financial future by refinancing its debt with Oaktree Capital and capitalizing on its involvement in the JOANN liquidation process. The company has successfully arranged a new $160 million debt deal, which is expected to enhance its liquidity and strengthen its balance sheet. This refinancing is critical as B. Riley navigates a challenging economic landscape.

In addition to the debt restructuring, B. Riley holds a 44% stake in GA Group, which positions it favorably in the ongoing $2 billion inventory liquidation of JOANN. This strategic involvement not only provides potential revenue but also allows B. Riley to leverage its resources effectively during a period of market uncertainty.

The combination of the new debt arrangement and the liquidation rights could prove vital for B. Riley as it seeks to stabilize and potentially grow its operations in the coming years. Investors and stakeholders will be closely monitoring how these developments unfold and impact the company's long-term financial health.