{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-117572","form_type":"8-K/A","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-11-09T21:45:13+00:00","discovered_at":"2026-11-09T21:46:03.206954+00:00","generated_at":"2026-11-09T21:46:11.568628+00:00","sec_items":["2.01","9.01","1.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"BRC closes $62.25M sale of Great American stake to Oaktree, cuts term loan by $51.68M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-117572","json":"https://secwatch.observer/filing/0001213900-26-117572.json","markdown":"https://secwatch.observer/filing/0001213900-26-117572.md","text":"https://secwatch.observer/filing/0001213900-26-117572.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026117572/0001213900-26-117572-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026117572/ea0311014-8ka1_brcgroup.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-09T21:46:11.568628+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}