B. Riley subsidiary enters $30M revolving credit facility with FGI Worldwide, refinances PNC debt

BRC Group Holdings, Inc.

Tiger US Holdings, a B. Riley subsidiary, signed a 3-year $30M revolving credit agreement with FGI Worldwide LLC.
Proceeds used to refinance existing credit agreement with PNC Bank, National Association.
Facility includes receivables purchase feature on full recourse basis; interest at greater of 5.25% or 1-month SOFR+3.00%+0.10%.
B. Riley Commercial Capital extended additional $5M subordinated intercompany loan, increasing total to $10M.
Facility secured by first-priority lien on assets of FGI Loan Parties and pledge of equity interests of borrower subsidiaries.

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