07:49 AM EDT, 07/09/2025 (MT Newswires) -- B. Riley Financial ( RILY ) said Wednesday that it has amended its senior secured credit agreement with funds managed by Oaktree Capital Management to add an incremental $100 million.

The amended term loan facility also includes a $30 million investment basket for parent company investments upsized from $20 million, as well as the ability to use up to $25 million of cash to reduce debt.

The company said its initial credit agreement, signed in February, was used to retire outstanding debt under its Nomura senior secured credit agreement and to fund working capital.