BRC closes $62.25M sale of Great American stake to Oaktree, cuts term loan by $51.68M

BRC Group Holdings, Inc.

Sold remaining equity interest in Great American Holdings to Oaktree funds for $62.25M: $10.57M cash plus $51.68M cancellation of Oaktree term-loan principal.
Concurrent Amendment No. 7 added $26.5M of new term loans at the same rate; 2.0% closing fee ($530K) was netted from proceeds; no prepayment premium applies going forward.
After $3.281M fee capitalized and $51.68M debt reduction, $17.227M principal remained; new borrowing brought the Oaktree term-loan balance to $43.727M.
Pro forma 9M 2026 loss from continuing ops available to common narrowed to $4.658M ($0.13 basic) from $10.825M ($0.29) as reported.
No gain or loss booked; $62.25M price equaled carrying amount after a $14.552M Q3 2026 impairment; Great American was released from loan collateral.

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