BRC Group Holdings announced the redemption of its 5.50% senior notes due 2026, with a principal amount of $95,990,500. The company will pay the full principal plus accrued interest through March 30, 2026, after which the notes will be delisted and trading will cease.
The redemption reduces the company’s net debt by $95.99 million, tightening leverage ratios and supporting a broader deleveraging strategy. The move follows a 2025 turnaround that saw a significant decline in net debt and improved profitability, and it complements recent bond exchanges and asset sales aimed at strengthening the balance sheet.
The redemption comes after BRC Group Holdings successfully regained compliance with Nasdaq’s periodic filing rules by filing its Q1, Q2, and Q3 2025 Form 10‑Q reports between November 2025 and January 2026, underscoring the company’s improved cash‑flow position and liquidity.
Management indicated that the redemption is part of a broader debt‑reduction plan designed to enhance long‑term financial flexibility and potentially lower the company’s cost of capital.
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