debt
confidence high
sentiment neutral
materiality 0.50
BRP Group subsidiary upsizes term loan facility by $350M to $850M via Amendment No. 4
Baldwin Insurance Group, Inc.
- Baldwin Risk Partners LLC borrowed $350M in incremental term B-1 loans from JPMorgan Chase.
- Total term loan facility increased from $500M to $850M; terms match existing term B-1 loans maturing in 2027.
- Proceeds used to repay revolving loans and for general corporate purposes, including acquisitions.
- Amendment No. 4 executed December 16, 2021; JPMorgan acted as sole incremental lender.