---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-023145"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:12:52.941593+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-023145
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390026023145/0001213900-26-023145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390026023145/ea0279093-8k_brcgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-023145
- JSON: https://secwatch.observer/filing/0001213900-26-023145.json
- Plain text: https://secwatch.observer/filing/0001213900-26-023145.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390026023145/0001213900-26-023145-index.htm

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