B. Riley, whose lender granted it an extension for overdue financial data, is in talks for a loan amendment meant to ease its debt burden, according to Bloomberg’s Rick Green. Bankers put aside requirements for B. Riley to providefinancial statementswithin 45 days after the recent quarter ended, heading off what could have been deemed a default, according to people familiar with the matter, and the extra time is being used to discuss amendments to B. Riley’sloan agreementsthat would give the firm more flexibility, the report said.
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