Finance
B. Riley Lenders Extend a Deadline Amid Focus on Easing Debt
- Investment firm missed a date to deliver financial reports
- Bankers already granted a reprieve to Franchise Group
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B. Riley Financial Inc.’s lenders have granted the embattled firm more time to produce an overdue financial report as it looks for ways to ease its debt load of more than $2 billion.
Bankers put aside requirements for B. Riley to provide financial statements within 45 days after the recent quarter ended, heading off what could have been deemed a default, according to people familiar with the matter.