Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
BRC Group Holdings, Inc. incurred credit facility of $35,000,000 with Oaktree Fund Administration, LLC at SOFR Loans will accrue interest at the Adjusted Term SOFR Rate determined for su maturing The Delayed Draw Facility will mature on June 30, 2025, subject to acceleration or prepayment..
- Instrument
- credit facility
- Principal
- $35,000,000
- Counterparty
- Oaktree Fund Administration, LLC
- Rate
- SOFR Loans will accrue interest at the Adjusted Term SOFR Rate determined for su
- Maturity
- The Delayed Draw Facility will mature on June 30, 2025, subject to acceleration or prepayment.
- Event
- incurrence
Exact text from the filing
On February 26, 2025 (the “ Closing Date ”), B. Riley Financial, Inc., a Delaware corporation (the “ Company ”), and the Company’s wholly owned subsidiary, BR Financial Holdings, LLC, a Delaware limited liability company (the “ Borrower ”), entered into a credit agreement (the “ Credit Agreement ”), by and among the Company, the Borrower, the lenders party thereto, and Oaktree Fund Administration, LLC, as administrative agent and as collateral agent, providing for (i) a three-year $125 million secured term loan credit facility (the “Initial Term Loan Facility ”) and (ii) a four-month $35 million secured delayed draw term loan credit facility (the “ Delayed Draw Facility ” and, together with the Initial Term Loan Facility, the “ Credit Facilities ”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
BRC Group Holdings, Inc. incurred credit facility of $125,000,000 with Oaktree Fund Administration, LLC at SOFR Loans will accrue interest at the Adjusted Term SOFR Rate determined for su maturing The Initial Term Loan Facility will mature on the earlier of (i) February 26, 2028, and (ii) if any series of bonds, notes or bank indebtedness of the Company o.
- Instrument
- credit facility
- Principal
- $125,000,000
- Counterparty
- Oaktree Fund Administration, LLC
- Rate
- SOFR Loans will accrue interest at the Adjusted Term SOFR Rate determined for su
- Maturity
- The Initial Term Loan Facility will mature on the earlier of (i) February 26, 2028, and (ii) if any series of bonds, notes or bank indebtedness of the Company o
- Event
- incurrence
Exact text from the filing
On February 26, 2025 (the “ Closing Date ”), B. Riley Financial, Inc., a Delaware corporation (the “ Company ”), and the Company’s wholly owned subsidiary, BR Financial Holdings, LLC, a Delaware limited liability company (the “ Borrower ”), entered into a credit agreement (the “ Credit Agreement ”), by and among the Company, the Borrower, the lenders party thereto, and Oaktree Fund Administration, LLC, as administrative agent and as collateral agent, providing for (i) a three-year $125 million secured term loan credit facility (the “Initial Term Loan Facility ”) and (ii) a four-month $35 million secured delayed draw term loan credit facility (the “ Delayed Draw Facility ” and, together with the Initial Term Loan Facility, the “ Credit Facilities ”).
View on SEC.gov