secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001193125-24-149333
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baldwin Insurance issues $600M 7.125% notes, $840M term loan, refinances debt
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- $600M 7.125% Senior Secured Notes due 2031 issued at par; semi-annual interest starting Nov 2024.
- $840M new term loan facility (maturing 2031) issued at 99.75%; fully advanced at closing.
- $600M new revolving credit facility (maturing 2029) established; no initial borrowings drawn.
- Proceeds used to repay existing credit facilities, pay fees, settle contingent earnout liabilities.
- Notes and term loan are senior secured, pari passu with new revolving facility; covenants limit debt and liens.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000119312524149333/0001193125-24-149333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000119312524149333/d823548d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149333

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