BRC Group Holdings Retires $37.9M in Debt Through Bond Exchanges and Buybacks

Company also plans to redeem $96M in senior notes due in 2026

Mar. 13, 2026 at 1:45am

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BRC Group Holdings, Inc. (NASDAQ: RILY) announced a series of transactions that will result in the cancellation of $37.9 million in outstanding debt through bond-for-equity exchanges and repurchases. The company also plans to redeem approximately $96 million in 5.50% senior notes due in 2026 on March 30, 2026.

Why it matters

The debt reduction efforts by BRC Group Holdings will strengthen the company's balance sheet and financial position, providing more flexibility to invest in its core businesses and pursue growth opportunities.

The details

The transactions include a bond-for-equity exchange with a long-time institutional investor, where 1,343,551 units of the company's publicly-traded senior notes will be canceled in exchange for 4,201,300 shares of common stock. Additionally, BRC Group repurchased 171,703 units of its 5.0% senior notes due 2026 for $4 million in cash. The company will also redeem its $96 million in 5.50% senior notes due 2026 on March 30, 2026.

  • The bond-for-equity exchange and repurchase transactions are scheduled to close on March 13, 2026.
  • BRC Group will redeem its $96 million in 5.50% senior notes due 2026 on March 30, 2026.

The players

BRC Group Holdings, Inc.

A diversified holding company with financial services, telecom, and retail businesses, as well as investments in equity, debt, and venture capital.

Bryant Riley

Chairman and Co-Chief Executive Officer of BRC Group Holdings, Inc.

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What they’re saying

“These senior note transactions, combined with continued appreciation in our investment portfolio, have further reduced our net debt position beyond the preliminary estimates communicated for December 31, 2025. We will continue to utilize multiple strategies to reduce debt and invest in our business.”

— Bryant Riley, Chairman and Co-Chief Executive Officer (PR Newswire)

What’s next

The company expects to file its 2025 Annual Report on or before the extended deadline of March 31, 2026, and to announce the timing of its earnings release and earnings call next week.

The takeaway

BRC Group Holdings' debt reduction efforts, including bond-for-equity exchanges and repurchases, demonstrate the company's commitment to strengthening its financial position and positioning itself for future growth and investment opportunities.