B. Riley Lenders Granted More Oversight After Revised Loan (3)

B. Riley Financial Inc.’s lenders are getting more oversight of the company’s finances, including weekly updates on its liquidity and some of its dealmaking amid efforts to pull the money-losing investment firm out of its tailspin.

The bankers will get a report on liquidity every Wednesday and a weekly status report on its plan to raise cash by selling a stake in its Great American unit, according to amended terms of its senior bank loan reviewed by Bloomberg News. The company also must provide bankers with monthly financial statements and conduct a conference call with the lenders’ law firm ...