---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-002319"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T04:48:06.093332+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-002319
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390025002319/0001213900-25-002319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390025002319/ea0227255-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-002319
- JSON: https://secwatch.observer/filing/0001213900-25-002319.json
- Plain text: https://secwatch.observer/filing/0001213900-25-002319.txt

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