BRC Group amends Oaktree-led credit agreement, adds $3.13 million amendment fee to term loan
BRCC•Credit agreement amended with Oaktree-led lender group
BRC Group Holdings entered Amendment No. 5 to its credit agreement on Aug. 7, 2026, with Oaktree Fund Administration as agent.
The borrowing base was revised, removing certain assets while increasing credit percentages on others.
The springing maturity on the Initial Term Loan will not be triggered by the September 2026 Bonds or December 2026 Bonds.
The Initial Term Loan Exit Fee was replaced with an amendment fee of $3.13 million, added to principal and due at maturity.
Covenant flexibility was also expanded, including a $25 million basket to repurchase unsecured notes before or at maturity.
