debt
confidence high
sentiment positive
materiality 0.55
Baldwin Insurance Group prices $600M 7.125% notes due 2031 and $840M term loan, $600M revolver to refinance debt
Baldwin Insurance Group, Inc.
- Priced $600M of 7.125% senior secured notes due 2031, upsized from $500M.
- Priced $840M new term loan due May 2031 at SOFR + 325 bps (step-down to 300 bps at ≤4.00x leverage).
- Priced $600M new revolving facility due May 2029 at SOFR + 200-300 bps.
- Proceeds to repay existing credit facilities, settle contingent earnout liabilities, and for general purposes.