Baldwin Holdings, a Subsidiary of The Baldwin Insurance Group, Secures $75 Million Incremental Term Loan B
Reuters
Sep 12
Baldwin Holdings, a Subsidiary of The Baldwin Insurance Group, Secures $75 Million Incremental Term Loan B
The Baldwin Insurance Group Inc. announced that its subsidiary, The Baldwin Insurance Group Holdings, LLC, has successfully repriced its $931.1 million senior secured first lien term loan facility and will enter into an incremental term loan facility amendment. The amendment will allow Baldwin Holdings to borrow an additional $75 million, increasing the total principal amount to $1.006 billion. The company also entered into an interest rate swap agreement to fix the interest rate on $500 million of borrowings. The proceeds from this arrangement will be used to pay down outstanding borrowings and for general corporate purposes.
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