debt
confidence high
sentiment neutral
materiality 0.65
Brown & Brown prices $600M of 5.650% Senior Notes due 2034 to refinance near-term debt
BROWN & BROWN, INC.
- $600M aggregate principal, 5.650% coupon, due 2034.
- Proceeds to redeem 4.2% senior notes due September 2024 and for general corporate purposes.
- Underwriters: BofA Securities, BMO Capital Markets, J.P. Morgan, Truist Securities.
- Closing expected June 11, 2024.
- Notes issued under existing shelf registration statement filed May 2023.