---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-089148"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2026-08-13T20:30:18+00:00"
generated_at: "2026-08-13T20:32:27.203554+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-089148
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2026-08-13T20:30:18+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390026089148/0001213900-26-089148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390026089148/ea0301417-8k_brcgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-089148
- JSON: https://secwatch.observer/filing/0001213900-26-089148.json
- Plain text: https://secwatch.observer/filing/0001213900-26-089148.txt

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