8-K
filed June 23, 2025, 7:59 PM ET
ticker BRO
CIK 0000079282
debt
confidence high
sentiment neutral
materiality 0.65
BROWN & BROWN, INC. (BRO): debt financing — Brown & Brown closes $4.2B multi-tranche note offering to fund RSC acquisition
BROWN & BROWN, INC.
- Issued $4.2B in six tranches: 4.600% due 2026 ($400M) through 6.250% due 2055 ($1B); net proceeds ~$4.2B.
- Proceeds, plus equity and cash, to fund cash consideration for RSC Topco acquisition (announced June 10, 2025).
- Special mandatory redemption at 101% if RSC deal not closed by March 10, 2026 (extendable to June 10, 2026) for all but 2035 notes.
- 2035 notes ($1B at 5.550%) not subject to special redemption; if deal fails, proceeds used for general corporate purposes.
- Underwriting agreement with BofA Securities and J.P. Morgan as representatives.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN & BROWN, INC. incurred senior notes of $1,000,000,000 with U.S. Bank Trust Company, National Association at 5.550% maturing June 23, 2035.
- Instrument
- senior notes
- Principal
- $1,000,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.550%
- Maturity
- June 23, 2035
- Event
- incurrence
Exact text from the filing
$1,000,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2035
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN & BROWN, INC. incurred senior notes of $800,000,000 with U.S. Bank Trust Company, National Association at 4.900% maturing June 23, 2030.
- Instrument
- senior notes
- Principal
- $800,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 4.900%
- Maturity
- June 23, 2030
- Event
- incurrence
Exact text from the filing
$800,000,000 aggregate principal amount of the Company’s 4.900% Senior Notes due 2030
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN & BROWN, INC. incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 4.700% maturing June 23, 2028.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 4.700%
- Maturity
- June 23, 2028
- Event
- incurrence
Exact text from the filing
$500,000,000 aggregate principal amount of the Company’s 4.700% Senior Notes due 2028
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN & BROWN, INC. incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.250% maturing June 23, 2032.
- Instrument
- senior notes
- Principal
- $500,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 5.250%
- Maturity
- June 23, 2032
- Event
- incurrence
Exact text from the filing
$500,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2032
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BROWN & BROWN, INC. incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 4.600% maturing December 23, 2026.
- Instrument
- senior notes
- Principal
- $400,000,000
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 4.600%
- Maturity
- December 23, 2026
- Event
- incurrence
Exact text from the filing
$400,000,000 aggregate principal amount of the Company’s 4.600% Senior Notes due 2026
View on SEC.gov
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