# BRC Group Holdings, Inc. (RILYZ) — capital_raise [announced]
Source: sec.gov · situation sit_b433d38bdbaa6e331c82 · public 2796462535228251842 · retrieved 2026-08-19T11:32:39.084Z

## Overview
BRC Group Holdings, Inc. (formerly B. Riley Financial, Inc.) is an investment advice and financial services company that manages a portfolio of assets including Great American Pref B Assets, Telecom Assets, and Babcock Assets, financed through a secured credit facility.

On August 7, 2026, BRC Group Holdings, Inc. and its subsidiary BR Financial Holdings, LLC entered into Amendment No. 5 to their Credit Agreement with Oaktree Fund Administration, LLC and other lenders. The amendment restructured the borrowing base by deleting legacy assets (CONN Loan Recovery, Exela, Glass Ratner, JoAnn Liquidation, Torticity, and Other Assets) and updating the percentage credit for remaining assets: Great American Pref B Assets at 60%, Telecom Assets at 30%, and Babcock Assets at 30%. The amendment removed the Initial Term Loan Exit Fee and replaced it with a $3,125,000 amendment fee, capitalized and added to the principal balance of the Initial Term Loans, payable on the Initial Term Loan Maturity Date. The amendment also clarified that the springing maturity function would not be triggered by the September 2026 Bonds or December 2026 Bonds, and added flexibility for equity line of credit commitments, unsecured note repurchases up to $25 million, and additional investments up to $100 million.

## Terms
- Counterparty: Oaktree Fund Administration, LLC and syndicate of lenders · Deal value: $3.1M · Consideration: cash

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001213900-26-089148): 8-K - BRC Group Holdings, Inc. — *BRC Group Holdings, Inc. (formerly B. Riley Financial, Inc.) is an investment advice and financial services company that manages a portfolio of assets including Great American Pref B Assets, Telecom Assets, and Babcock Assets, financed through a secured credit facility.* On August 7, 2026, BRC Group Holdings, Inc. and its subsidiary BR Financial Holdings, LLC entered into Amendment No. 5 to their Credit Agreement with Oaktree Fund Administration, LLC and other lenders. The amendment restructured the borrowing base by deleting legacy assets (CONN Loan Recovery, Exela, Glass Ratner, JoAnn Liquidation, Torticity, and Other Assets) and updating the percentage credit for remaining assets: Great American Pref B Assets at 60%, Telecom Assets at 30%, and Babcock Assets at 30%. The amendment removed the Initial Term Loan Exit Fee and replaced it with a $3,125,000 amendment fee, capitalized and added to the principal balance of the Initial Term Loans, payable on the Initial Term Loan Maturity Date. The amendment also clarified that the springing maturity function would not be triggered by the September 2026 Bonds or December 2026 Bonds, and added flexibility for equity line of credit commitments, unsecured note repurchases up to $25 million, and additional investments up to $100 million.
  https://www.sec.gov/Archives/edgar/data/1464790/0001213900-26-089148.txt

## Citations
- 0001213900-26-089148 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026089148