Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BRC Group Holdings, Inc. incurred guarantee of $150,000,000 with Axos Bank at 2.00%.
- Instrument
- guarantee
- Principal
- $150,000,000
- Counterparty
- Axos Bank
- Rate
- 2.00%
- Event
- incurrence
Exact text from the filing
the Company has guaranteed certain obligations of the Borrower (subject to certain limitations) under the Credit Agreement, including the obligation to repay outstanding loans and letters of credit and to pay earned interest, fees costs and expenses of enforcing the Guaranty, provided however, that the Company’s obligations with respect to the principal amount of credit extensions and unreimbursed letter of credit obligations under the Credit Agreement shall not at any time exceed $150,000,000 in the aggregate
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BRC Group Holdings, Inc. entered into Guaranty with Babcock & Wilcox Enterprises, Inc. valued at $150,000,000 aggregate cap on Company obligations; 2.00% fee of aggregate revolving commitments paya (effective 2024-01-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Babcock & Wilcox Enterprises, Inc.
- Value
- $150,000,000 aggregate cap on Company obligations; 2.00% fee of aggregate revolving commitments paya
- Effective
- 2024-01-18
Exact text from the filing
On January 18, 2024 (the “ Effective Date ”), B. Riley Financial, Inc., a Delaware corporation (the “ Company ”), entered into a guaranty (the “ Guaranty ”) in favor of (i) Axos Bank, in its capacity as administrative agent (the “ Administrative Agent ”) for the secured parties under that certain Credit Agreement, dated as of the Effective Date among Babcock & Wilcox Enterprises, Inc. (the “ Borrower ”), the guarantors party thereto, the lenders party thereto and the Administrative Agent (the “ Credit Agreement ”), and (ii) the secured parties.
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