---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-080805"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2025-08-26T23:59:59+00:00"
generated_at: "2026-05-17T09:55:38.265326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-080805
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2025-08-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390025080805/0001213900-25-080805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390025080805/ea0254635-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-080805
- JSON: https://secwatch.observer/filing/0001213900-25-080805.json
- Plain text: https://secwatch.observer/filing/0001213900-25-080805.txt

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