Brown & Brown issues $600M 5.650% Senior Notes due 2034, net proceeds ~$593.2M

BROWN & BROWN, INC.

Issued $600M aggregate principal amount of 5.650% Senior Notes due June 11, 2034.
Net proceeds of approximately $593.2M after underwriting discounts and estimated offering expenses.
Proceeds to redeem existing 4.2% senior notes due Sep 2024 and for general corporate purposes.
Interest payable semi-annually on June 11 and Dec 11, commencing Dec 11, 2024.
Notes are senior unsecured obligations ranking equally with existing and future senior unsecured debt.

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