debt
confidence high
sentiment neutral
materiality 0.45
BRP Group increases revolving credit facility to $475M via Amendment No. 3
Baldwin Insurance Group, Inc.
- Revolving commitments increased from $400M to $475M, adding $75M incremental commitments.
- Proceeds to fund working capital, general corporate purposes, and permitted acquisitions.
- JPMorgan Chase, Bank of America, Wells Fargo, Capital One, Cadence Bank acted as joint lead arrangers.
- Amendment dated August 6, 2021; borrower is Baldwin Risk Partners, subsidiary of BRP Group.