B. Riley subsidiaries close $80M amended credit facility with Banc of California

BRC Group Holdings, Inc.

New five-year $80M term loan due Jan 6, 2030; proceeds used to repay prior debt and for working capital.
Interest rate of Term SOFR + 2.75%-3.50% (current margin level 3.25%); quarterly principal payments of $4M.
Incremental term loan capacity of up to $40M available under same terms.
Credit secured by substantially all assets of borrowers and pledges of equity; financial covenants apply.
Amendment No. 6 to existing credit agreement permits BRPI to contribute Lingo equity to BRPAC.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.