secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140051
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baldwin Insurance Group prices $600M 7.125% notes due 2031 and $840M term loan, $600M revolver to refinance debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000119312524140051/0001193125-24-140051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000119312524140051/d809190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140051

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