BRC Group reduces debt by ~$37.9M via bond-for-equity swaps; will file late 10-K by March 31

BRC Group Holdings, Inc.

Exchanged 4,201,300 common shares for 1,343,551 senior note units, reducing debt by ~$37.9M.
Repurchased 171,703 units of 5.00% senior notes due 2026 (RILYG) for ~$4.0M cash.
Will redeem ~$96M of 5.50% senior notes due 2026 (RILYK) on March 30, 2026.
To file NT 10-K; expects 2025 10-K by March 31, 2026; earnings call by end of March.

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