B. Riley Financial provides update on strategic, financing initiatives

B. Riley Financial announced proposed strategic and financing initiatives intended to enhance shareholder value by accelerating debt repayment. The Company reports that it has: Entered into a non-binding commitment for a debt financing of the B. Riley and bebe brands businesses. It is expected that the debt financing transaction will be effected through a special purpose vehicle collateralized by the brands assets and non-recourse to B. Riley. If completed, the transaction is expected to generate approximately $236 million of proceeds. Entered into exclusive negotiations with a global asset manager to sell a 53% stake in its Appraisal and Valuation Services, Real Estate and Retail, Wholesale & Industrial Solutions businesses. The proposed transaction currently values the business at a total enterprise value of approximately $380 million. This business is currently carried on the Company’s balance sheet at a book value of approximately $35 million.