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8-K: Current report

8-K: Current report

8-K:重大事件
美股SEC公告 ·  11/04 19:09

Moomoo AI 已提取核心訊息

B. Riley Financial announced an additional impairment of approximately $120 million related to its Freedom VCM Investment and Vintage Loan Receivable on November 4, 2024. This follows Franchise Group's voluntary Chapter 11 filing on November 3. The company had previously reported a non-cash markdown of $330-370 million for Q2 2024 related to these investments.Despite these challenges, B. Riley remains compliant with the Nomura credit agreement. The company has taken strategic actions to strengthen its financial position, including monetizing over $500 million in assets, maintaining strong capital levels in regulated entities, and developing contingency plans. B. Riley expects to pay down the Nomura facility to $125 million by month-end and projects having over $300 million in cash and $500 million in investments after additional asset sales in 2025.CEO Bryant Riley addressed employees, acknowledging the impact of Franchise Group's bankruptcy and recent challenges. He emphasized the company's resilience, ongoing strategic initiatives, and positive outlook for future growth and competitiveness in the financial services sector.
B. Riley Financial announced an additional impairment of approximately $120 million related to its Freedom VCM Investment and Vintage Loan Receivable on November 4, 2024. This follows Franchise Group's voluntary Chapter 11 filing on November 3. The company had previously reported a non-cash markdown of $330-370 million for Q2 2024 related to these investments.Despite these challenges, B. Riley remains compliant with the Nomura credit agreement. The company has taken strategic actions to strengthen its financial position, including monetizing over $500 million in assets, maintaining strong capital levels in regulated entities, and developing contingency plans. B. Riley expects to pay down the Nomura facility to $125 million by month-end and projects having over $300 million in cash and $500 million in investments after additional asset sales in 2025.CEO Bryant Riley addressed employees, acknowledging the impact of Franchise Group's bankruptcy and recent challenges. He emphasized the company's resilience, ongoing strategic initiatives, and positive outlook for future growth and competitiveness in the financial services sector.
B. Riley Financial於2024年11月4日宣佈與其Freedom VC投資和Vintage貸款應收款相關的額外減值約爲12000萬美元。這是在Franchise Group於11月3日自願申請第11章破產後發生的。該公司之前已報告與這些投資相關的2024年第二季度非現金減值爲33000-37000萬美元。儘管面臨這些挑戰,B. Riley仍然遵守Nomura信貸協議。公司採取了戰略性措施來增強其財務狀況,包括變現超過50000萬美元的資產,保持受監管實體的強大資本水平,以及制定應急計劃。B. Riley預計到月底會將Nomura融資餘額還清至12500萬美元,並預計在2025年額外資產出售後將擁有超過30000萬美元的現金和50000萬美元的投資。首席執行官Bryant Riley向員工緻辭,承認Franchise Group破產和近期挑戰的影響。他強調了公司的韌性、持續的戰略舉措以及對未來增長和在金融服務板塊競爭力的積極展望。
B. Riley Financial於2024年11月4日宣佈與其Freedom VC投資和Vintage貸款應收款相關的額外減值約爲12000萬美元。這是在Franchise Group於11月3日自願申請第11章破產後發生的。該公司之前已報告與這些投資相關的2024年第二季度非現金減值爲33000-37000萬美元。儘管面臨這些挑戰,B. Riley仍然遵守Nomura信貸協議。公司採取了戰略性措施來增強其財務狀況,包括變現超過50000萬美元的資產,保持受監管實體的強大資本水平,以及制定應急計劃。B. Riley預計到月底會將Nomura融資餘額還清至12500萬美元,並預計在2025年額外資產出售後將擁有超過30000萬美元的現金和50000萬美元的投資。首席執行官Bryant Riley向員工緻辭,承認Franchise Group破產和近期挑戰的影響。他強調了公司的韌性、持續的戰略舉措以及對未來增長和在金融服務板塊競爭力的積極展望。
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