---
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"
generated_at: "2026-11-09T21:46:11.568628+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 9.01, 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-117572
- JSON: https://secwatch.observer/filing/0001213900-26-117572.json
- Plain text: https://secwatch.observer/filing/0001213900-26-117572.txt

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