Brown & Brown Inc. Secures $4.2 Billion in Senior Notes Issuance for Strategic Growth and Expansion

Reuters
16小时前
Brown & Brown Inc. Secures $4.2 Billion in Senior Notes Issuance for Strategic Growth and Expansion

On June 23, 2025, Brown & Brown, Inc. announced the completion of a significant financing agreement through the issuance and sale of several Senior Notes, raising a total of $4.2 billion. The company issued $400 million of 4.600% Senior Notes due 2026, $500 million of 4.700% Senior Notes due 2028, $800 million of 4.900% Senior Notes due 2030, $500 million of 5.250% Senior Notes due 2032, $1 billion of 5.550% Senior Notes due 2035, and $1 billion of 6.250% Senior Notes due 2055. These notes were part of a strategic financial move to support corporate activities, including potential mergers and acquisitions. The agreement includes covenants limiting secured debt and asset transfers, with provisions for repurchase in the event of a change of control. Holland & Knight LLP provided legal counsel for the issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brown & Brown Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-144719), on June 23, 2025, and is solely responsible for the information contained therein.

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