BRC Group Holdings, Inc. Announces Full Redemption of 5.50% Senior Notes due 2026

Rhea-AI Summary

BRC Group Holdings (Nasdaq: RILY) announced a full redemption of its 5.50% Senior Notes due 2026, calling for redemption of $95,990,500 aggregate principal on March 30, 2026.

The redemption price is 100% of principal plus accrued interest through, but excluding, the Redemption Date; interest ceases to accrue on that date. The notes trade under RILYK and will be delisted and cease trading on the Redemption Date. Noteholders should contact their bank or broker about the Redemption Payment.

Positive

• Full redemption of $95,990,500 principal called
• Redemption price set at 100% of principal plus accrued interest
• Interest stops accruing on March 30, 2026, simplifying cash flows

Negative

• Notes listed under RILYK will be delisted and cease trading on March 30, 2026
• Holders must rely on brokers/banks for Redemption Payment timing and settlement

Key Figures

Senior notes principal: $95,990,500 Coupon rate: 5.50% Redemption date: March 30, 2026

3 metrics

Senior notes principal $95,990,500 Aggregate principal amount of 5.50% Senior Notes due 2026 called for full redemption

Coupon rate 5.50% Interest rate on Senior Notes due 2026 being fully redeemed

Redemption date March 30, 2026 Date on which 5.50% Senior Notes due 2026 will be fully redeemed and delisted

Market Reality Check

Price: $6.75 Vol: Volume 437,649 vs 20-day ...

low vol

$6.75 Last Close

Volume Volume 437,649 vs 20-day average 635,035 (relative volume 0.69x). low

Technical Shares at $6.75, trading above 200-day MA of $5.33 and 38.47% below 52-week high of $10.97.

Peers on Argus

RILY fell 5.73% while peers were mixed: TREE up 6.95%, VOYA up 1.6%, FRHC down 0...

RILY fell 5.73% while peers were mixed: TREE up 6.95%, VOYA up 1.6%, FRHC down 0.69%, and related BRC securities RILYL and RILYP moved -3.04% and +1.82%, indicating stock-specific dynamics rather than a broad sector move.

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	Preliminary estimates	Positive	-2.2%	Strong 2025 preliminary net income, EBITDA and net debt improvement guidance.
Jan 28	Nasdaq compliance	Positive	+0.6%	Regained compliance with Nasdaq periodic filing rule and panel monitoring terms.
Jan 14	Q3 2025 earnings	Positive	+26.0%	Return to profitability with higher revenues and reduced net debt; Nasdaq compliance.
Dec 15	Q2 2025 earnings	Positive	+53.8%	Strong net income, large gains on disposals and senior note exchanges, higher revenues.
Nov 28	Nasdaq notice	Negative	-1.1%	Nasdaq delinquency notification for late 10-Q with set deadlines to regain compliance.

Pattern Detected

Recent fundamentally positive updates have usually seen aligned positive reactions, with one notable divergence where strong preliminary 2025 estimates coincided with a modest share decline.

Recent Company History

Over the past several months, BRC reported a sharp earnings turnaround and active balance sheet management. Q2 and Q3 2025 results showed large net income rebounds and higher revenues, supported by gains on divestitures and senior note exchanges. The company also worked through Nasdaq compliance issues, moving from delinquency notices in late 2025 to restored compliance by January 27, 2026. Earlier guidance highlighted substantial net debt reduction from a prior peak. Today’s full redemption of 5.50% senior notes due 2026 fits into this broader debt and capital-structure cleanup narrative.

Market Pulse Summary

This announcement details BRC’s plan to fully redeem $95,990,500 of 5.50% Senior Notes due 2026 on M...

Analysis

This announcement details BRC’s plan to fully redeem $95,990,500 of 5.50% Senior Notes due 2026 on March 30, 2026, with holders receiving 100% of principal plus accrued interest until redemption. In recent quarters, the company reported improved profitability and active debt management, including senior note exchanges and divestitures. Investors may track subsequent filings for updated debt balances, ongoing regulatory compliance with Nasdaq, and how further balance sheet changes affect overall financial flexibility.

Key Terms

senior notes, aggregate principal amount, redemption price, accrued and unpaid interest, +2 more

6 terms

senior notes financial

"full redemption equal to $95,990,500 aggregate principal amount of its 5.50% Senior Notes due 2026"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

aggregate principal amount financial

"full redemption equal to $95,990,500 aggregate principal amount of its 5.50% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

redemption price financial

"The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

accrued and unpaid interest financial

"plus any accrued and unpaid interest up to, but excluding, the Redemption Date"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

redemption date regulatory

"on March 30, 2026 (the "Redemption Date")"

The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.

delisted regulatory

"The Notes, which are listed on NASDAQ under the ticker symbol "RILYK," will be delisted"

Delisted means a company's shares have been removed from a public stock exchange and are no longer traded on that venue. For investors this matters because it reduces ease of buying or selling the stock, cuts off regular price discovery and exchange oversight, and can signal regulatory or financial problems; it's like a product being pulled from a supermarket shelf and only available through harder-to-find channels.

AI-generated analysis. Not financial advice.

LOS ANGELES, Feb. 27, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) (Nasdaq: RILY) ("BRC" or the "Company"), today announced that it has called for the full redemption equal to $95,990,500 aggregate principal amount of its 5.50% Senior Notes due 2026 (the "Notes") on March 30, 2026 (the "Redemption Date").

The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered to noteholders on February 27, 2026.

Interest on the Notes will cease to accrue on and after the Redemption Date. The Notes, which are listed on NASDAQ under the ticker symbol "RILYK," will be delisted and cease trading on the Redemption Date.

Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about the Redemption Payment.

This press release is for informational purposes only and shall not constitute a notice of redemption of the Notes or an offer to purchase, or a solicitation of an offer to sell, any Notes or other securities.

About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRC deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brcgh.com.

Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. The Company assumes no duty to update forward-looking statements, except as required by law. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K, its Quarterly Report on Form 10-Q for the period ended March 31, 2025, its Quarterly Report on Form 10-Q for the period ended June 30, 2025 and its Quarterly Report on Form 10-Q for the period ended September 30, 2025 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.

Contact
Investors	Media
Mike Frank	Elizabeth Fogerty
ir@brcgh.com	press@brcgh.com

 

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SOURCE BRC Group Holdings, Inc.

FAQ

What did BRC Group Holdings (RILY) announce about its 5.50% Senior Notes due 2026?

BRC Group Holdings announced a full redemption of $95,990,500 principal effective March 30, 2026. According to BRC Group Holdings, the redemption price is 100% of principal plus accrued and unpaid interest up to, but excluding, the Redemption Date.

When will interest on RILYK 5.50% Senior Notes cease to accrue for RILY investors?

Interest on the 5.50% Senior Notes will cease to accrue on March 30, 2026, the Redemption Date. According to BRC Group Holdings, accrued interest is payable up to, but excluding, that date and will be included in the Redemption Payment.

What happens to trading of the RILYK notes after the RILY redemption?

The notes listed as RILYK will be delisted and cease trading on March 30, 2026. According to BRC Group Holdings, investors should expect the securities to stop trading on the Redemption Date and settle through their brokers or banks.

How much principal is being redeemed by BRC Group Holdings (RILY) and on what date?

BRC Group Holdings is redeeming $95,990,500 aggregate principal of the 5.50% Senior Notes on March 30, 2026. According to BRC Group Holdings, the notices of redemption were delivered to noteholders on February 27, 2026.

How should RILY noteholders obtain their Redemption Payment for the 2026 notes?

Noteholders should contact the bank or broker where they hold beneficial interests to receive the Redemption Payment. According to BRC Group Holdings, brokers and banks will provide settlement instructions and timing for the payment following the Redemption Date.