BRC Inc.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Long-Term Debt
- Long-Term Debt
Our credit facilities and related balances were as follows (dollars in thousands):
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (unaudited) | (audited) | |
| Term Loan Facility | $34,930 | $36,680 |
| ABL Facility | — | 2,000 |
| Notes payable | — | 400 |
| Total principal | 34,930 | 39,080 |
| Less: debt issuance costs and original issue discount | (3,548) | (4,367) |
| Total debt, net | 31,382 | 34,713 |
| Less: current maturities of long-term debt | (10,642) | (2,400) |
| Long-term debt, net | $20,740 | $32,313 |
Future contractual maturities of credit facilities (not including debt issuance costs) as of September 30, 2026 are as follows (dollars in thousands, unaudited):
| Remainder of 2026 | $9,142 |
| 2027 | 2,000 |
| 2028 | 2,000 |
| 2029 | 21,788 |
| 2030 | — |
| Total | $34,930 |
ABL Facility and Term Loan Facility
We have a senior secured asset-based revolving credit facility in an aggregate principal amount of up to $75,000 (including a sub-facility for letters of credit in an amount up to $7,500, all of which was available as of September 30, 2026) (the “ABL Facility”), which matures on December 27, 2029. Amounts available for advances under the ABL Facility are subject to a borrowing base, which is calculated by reference to the value of certain eligible inventory, unrestricted cash and cash equivalents, eligible credit card receivables, and eligible accounts receivable, offset by certain reserves. As of September 30, 2026, the available borrowing capacity under the ABL Facility was approximately $49,851.
We also have senior secured term loans with an aggregate principal amount of $40,000 (the “Term Loan Facility”), which matures on December 27, 2029. The current portion of long-term debt reflects $8,642 of expected proceeds from sale of the Manchester facility, to be paid against the Term Loan Facility in accordance with the terms of the agreement. See Note 3, Supplemental Balance Sheet Information - Assets Held for Sale.
Note Payable
The final payment of $400 was made towards our note payable to a former employee in the first quarter of 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.