BRC Group sells remaining Great American stake to Oaktree affiliates for $62.25 million
RILY•BRC Group Holdings sold its remaining Great American stake to Oaktree affiliates for $62.25 million. About $51.7 million of the proceeds repaid debt, and BR Financial Holdings secured a $26.5 million incremental term loan.
1. Stake sale and debt repayment
BRC Group Holdings sold its remaining Great American stake through subsidiary BRF Finance to Oaktree affiliates for $62.25 million. The transaction closed November 3, 2026, and approximately $51.7 million of proceeds repaid BR Financial Holdings’ term-loan debt owed to Oaktree-affiliated lenders.
2. New loan terms
BR Financial Holdings secured a $26.5 million incremental term loan maturing February 26, 2028, subject to earlier maturity in certain circumstances. The loan carries the existing initial term loans’ interest rate, with a 2% closing fee paid as original issue discount. A $3.28 million transaction fee was capitalized into outstanding Initial Term Loans in exchange for eliminating future prepayment premiums.
