BRC Group Holdings, Inc. 8-K

What Happened

• BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.; ticker: RILY) announced in an 8-K filed March 3, 2026 that the guaranty it executed on January 18, 2024 in favor of Axos Bank (the “Axos Guaranty”) was terminated and is no longer in effect as of February 25, 2026.
• The termination occurred in connection with the Tenth Amendment to the Credit Agreement and Amendment to Security Agreement dated February 25, 2026 among Babcock & Wilcox Enterprises, Inc. (B&W), the guarantors, the lenders and Axos Bank. The company stated it was not required to make any payment to terminate the guaranty.
• The full text of the Tenth Amendment is filed as Exhibit 10.1 to the 8-K.

Key Details

• Guaranty originally dated: January 18, 2024 (the “Axos Guaranty”).
• Termination effective date: February 25, 2026.
• Related document: Tenth Amendment to Credit Agreement and Amendment to Security Agreement (filed as Exhibit 10.1).
• No cash payment by BRC Group was required to effect the termination.

Why It Matters

• The termination removes BRC Group’s guaranty obligation under the referenced Axos/B&W credit arrangements, reducing its contingent obligations related to that specific credit facility.
• For investors, this is a change in the company’s liability profile (a removed guarantee) rather than an operating or financial performance disclosure—there were no cash payments or other material costs disclosed in connection with the termination.
• The amendment and supporting exhibit provide the definitive terms; investors wanting detailed legal terms should review Exhibit 10.1 in the 8-K.