B. Riley extends springing maturity on Oaktree term loans to no earlier than March 31, 2027

BRC Group Holdings, Inc.

Amendment No. 3 to Credit Agreement pushes earliest possible maturity date for Initial Term Loans from July 1, 2026 to March 31, 2027.
The springing maturity clause now has a floor of March 31, 2027, providing additional near-term covenant headroom.
Director Michael Sheldon will not seek re-election at the next annual meeting; no disagreement with the company.
Credit Agreement originally dated Feb 26, 2025; previously amended March and July 2025; Oaktree Fund Administration is agent.

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