Embattled Finance Firm B. Riley Looks To Raise Up To $410 Million From Asset Sales

B. Riley, facing financial distress, plans to sell its stake in Great American Group to reduce debt and stabilize its business. The sale, along with other deals, could raise $410 million. The company is under investigation by the SEC for asset disclosures and dealings with Brian Kahn. B. Riley aims to repay debt through asset sales and cash on hand, while also amending its credit agreement with Nomura. Chairman Bryant Riley seeks to monetize assets for faster debt repayment. Oaktree Capital is reportedly in talks for a stake in Great American. Bryant Riley has proposed taking the company private for $7 per share. B. Riley also faces a controversial $500 million loan arranged by Nomura, which may be written down significantly. Nomura has faced pressure to reassess the loan's value but has not yet taken action.