secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0000950103-22-005627
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRP Group expands credit facility to $600M, extends maturity to 2027
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- Revolving commitments increased from $475M to $600M, maturity extended to April 1, 2027.
- Interest rate shifted to SOFR + 200-300 bps (plus 10 bps credit spread adjustment).
- Total net leverage ratio covenant increased to 7.0x consolidated EBITDA.
- Proceeds for general corporate purposes, including acquisitions and investments.
- JPMorgan, Capital One, Wells Fargo, BofA, Morgan Stanley, Raymond James among arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000095010322005627/0000950103-22-005627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000095010322005627/dp170212_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-005627

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