---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-050627"
form_type: "8-K"
ticker: "BRCC"
cik: "0001891101"
company_name: "BRC Inc."
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T22:03:10.018155+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BRC Inc. subsidiary enters $40M term loan, amends ABL credit agreement to lower rates and extend maturity

## Summary
- Authentic Brands LLC, subsidiary of BRC Inc., closed a $40M term loan facility maturing Dec 2029, with optional $20M expansion.
- Proceeds used to retire existing term loan with Whitehawk Capital Partners, pay fees, and for corporate purposes.
- ABL credit agreement amended with PNC Bank to lower interest rates (Base Rate +0.50%-1.50%, Term SOFR +1.50%-2.50%) and revise financial covenants.
- $12.8M borrowed under ABL facility to help fund the term loan payoff and transaction costs.
- New term loan requires quarterly repayments starting at 0.625% of principal, increasing to 1.25% after first year.

## SEC filing metadata
- accession: 0001140361-24-050627
- form_type: 8-K
- ticker: BRCC
- cik: 0001891101
- company_name: BRC Inc.
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1891101/000114036124050627/0001140361-24-050627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1891101/000114036124050627/ef20040787_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-050627
- JSON: https://secwatch.observer/filing/0001140361-24-050627.json
- Plain text: https://secwatch.observer/filing/0001140361-24-050627.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.