BRC Group Holdings, Inc. — Form 8-K

BRC Group Holdings (market cap ~$63.3M) executed Amendment No. 5 to its credit agreement with Oaktree-affiliated lenders on August 7, 2026. The company paid a $3.125M amendment fee (capitalized into principal), restructured the Borrowing Base to emphasize three core assets (Great American Pref B at 60%, Telecom at 30%, Babcock Wilcox at 30%), modified valuation methodologies, and tightened disposition restrictions—allowing only sales above 90% of asset value for Borrowing Base assets >$5M. The Initial Term Loan maturity remains February 26, 2028, but the amendment redefines collateral composition and removes obsolete asset categories.