BRC Group amends credit agreement: new borrowing base, $3.125M fee, added flexibility

BRC Group Holdings, Inc.

Amendment No. 5 effective Aug 7, 2026; replaces exit fee with $3.125M fee added to principal.
Borrowing base now: 60% Great American Pref B, 30% Telecom, 30% Babcock, 100% Qualified Cash; legacy assets removed.
Adds $25M basket to repurchase unsecured notes; clarifies springing maturity not triggered by Sept/Dec 2026 bonds.
Minimum liquidity covenant: $50M if term loans >$65.625M, $25M if <=; prepayment premium tiers defined.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.