newsfilter
← Latest News
PR Newswire·

BRC Group Holdings, Inc. Announces Retirement of Approximately $37.9 Million in Outstanding Debt Through Bond-for-Equity Exchanges and Repurchases

  • BRC Group Holdings, Inc. (NASDAQ: RILY) announced a Section 3(a)(9) exchange transaction resulting in the cancellation of 1,343,551 units of senior notes in exchange for 4,201,300 common stock shares at an average price of $7.0933 per share.
  • The Company repurchased 171,703 units of its 5.0% senior notes due 2026 (RILYG) for approximately $4.0 million in cash.
  • Upon closing the final 3(a)(9) transaction on March 13, 2026, the Company's outstanding debt will decrease by approximately $37.9 million.
  • BRCGH will redeem approximately $96 million of its 5.50% Senior Notes due 2026 (RILYK) on March 30, 2026.
  • Chairman & Co-CEO Bryant Riley stated that these transactions combined with portfolio appreciation have reduced net debt beyond preliminary December 31, 2025 estimates.
  • The Company filed Quarterly Reports on Form 10-Q between November 20, 2025, and January 14, 2026, following the onboarding of a new auditor in September 2025.
  • BRCGH filed a Notification of Late Filing on Form 12b-25 with the SEC by March 17, 2026, to extend the 2025 Annual Report (Form 10-K) deadline to March 31, 2026.
  • The Company plans to announce the timing of its fourth quarter & full year 2025 earnings release & earnings call next week.