BRC Group Holdings Plans Redemption of Senior Notes to Enhance Financial Flexibility

BRC Group Holdings Reaffirms Commitment to Financial Flexibility with Senior Notes Redemption

BRC Group Holdings, Inc., formerly known as B. Riley Financial, Inc., announces its decision to redeem its 5.50% Senior Notes due 2026, representing an aggregate principal amount of $95,990,500. This strategic move is set to take place on March 30, 2026, with investors receiving the entirety of the principal amount alongside accrued unpaid interest until the redemption date. By opting for this full redemption, BRC emphasizes its commitment to maintaining financial flexibility and optimizing its capital structure in a competitive financial landscape. The company’s action aligns with its operational ethos of enhancing shareholder value through judicious management of capital resources.

The decision also signifies the company's intent to streamline its financial obligations. With interest accrual ceasing post-redemption, BRC effectively mitigates its debt expanse and aligns its fiscal strategy with long-term growth objectives. Following the redemption process, the notes will be delisted from NASDAQ, marking a pivotal shift in the company's financial instrument offerings. This delisting decision reflects BRC's focus on refining its operational framework and further integrating its diverse financial services, which span capital markets, mergers & acquisitions, and restructuring solutions catered to small-cap and middle-market firms.

As a diversified holding company, BRC recognizes the significance of adopting a comprehensive approach to its operational segments, which encompass financial services, telecommunications, and retail. The impending redemption of its senior notes exemplifies BRC's strategic pivot to concentrate resources and investments that reinforce its core mission of delivering tailored solutions for a diverse clientele. This encompasses not only wealth management and investment solutions but also vital telecommunications services and retail products. BRC’s approach aims to better harness growth potential across all segments of its business while responding dynamically to the evolving market conditions.

In addition to the redemption announcement, BRC advises investors in the notes to communicate with their banks or brokers for detailed instructions regarding the redemption payment. It clarifies that this notification serves merely as an informative announcement and is not a formal redemption notice or solicitation, ensuring clarity for all stakeholders involved.

With strategic capital deployment as a focal point of its operational strategy, BRC Group Holdings continues to adapt its financial services platform to meet the demands of its clients and the market, aiming to foster both immediate and long-term shareholder value. Further details on BRC's operations and commitments can be found on their official website at www.brcgh.com.