BRC Group terminates guaranty of B&W debt under Axos credit agreement; no payment

BRC Group Holdings, Inc.

BRC Group’s guaranty of B&W debt under Axos credit agreement terminated as of Feb 25, 2026.
No payment was required from BRC Group for the termination.
Termination was part of the Tenth Amendment, which extends maturity to Jan 18, 2028.
Tenth Amendment increases borrowing base to up to 90% of eligible trade receivables.

item 1.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BRC Group Holdings, Inc. terminated Axos Guaranty with Axos Bank (effective 2026-02-25).

Action: termination
Agreement: credit facility
Counterparty: Axos Bank
Effective: 2026-02-25

Exact text from the filing

On February 25, 2026, the guaranty dated January 18, 2024 (the “ Axos Guaranty ”) by BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) (the “ Company ”) in favor of Axos Bank, as administrative agent (the “ Agent ”), and the secured parties under that certain Credit Agreement, dated as of January 18, 2024 (as amended, the “ B&W Axos Credit Agreement ”), among Babcock & Wilcox Enterprises, Inc. (“ B&W ”), the guarantors party thereto, the lenders party thereto, and the Agent, was terminated and is of no further force and effect.

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Source: SEC EDGAR

accession 0001213900-26-023145

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