secwatch.observer — SEC 8-K summary
======================================

Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001193125-25-140840
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown & Brown prices $4.3B common stock offering and $4.2B notes offering to fund RSC acquisition
--------------------------------------------------------------------------------

- Sold 43.1M shares at $102/share for ~$4.3B; includes full exercise of underwriters' option for $400M.
- Issued $4.2B in senior notes across six tranches: 2026-2055 maturities, rates 4.600%-6.250%.
- Net proceeds will fund cash consideration for acquisition of RSC Topco (Accession Risk Management).
- If acquisition not consummated, equity and 2035 note proceeds used for general corporate purposes.
- Offering closed June 12, 2025; notes expected to close June 23, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000119312525140840/0001193125-25-140840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000119312525140840/d943957d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-140840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer