{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-144719","form_type":"8-K","ticker":"BRO","cik":"0000079282","company_name":"BROWN & BROWN, INC.","filed_at":"2025-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.287765+00:00","generated_at":"2026-05-19T00:32:57.884392+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Brown & Brown closes $4.2B multi-tranche note offering to fund RSC acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-144719","json":"https://secwatch.observer/filing/0001193125-25-144719.json","markdown":"https://secwatch.observer/filing/0001193125-25-144719.md","text":"https://secwatch.observer/filing/0001193125-25-144719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/d933338d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:32:57.884392+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"272b86fc1013ff0f901c5b5e917832ddd50fa95c","claim":"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.","evidence_excerpt":"$1,000,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,000,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.550%"},{"label":"Maturity","value":"June 23, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4a75cb60afcc5fb07ae83cdb4c951dc9ef6eda3d","claim":"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.","evidence_excerpt":"$800,000,000 aggregate principal amount of the Company’s 4.900% Senior Notes due 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$800,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.900%"},{"label":"Maturity","value":"June 23, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4e8180e88983f029aee8739d50bfcd0b2aebcc0a","claim":"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.","evidence_excerpt":"$500,000,000 aggregate principal amount of the Company’s 4.700% Senior Notes due 2028","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.700%"},{"label":"Maturity","value":"June 23, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"93f076e4b4a63736e426e1bfbe2d505176148763","claim":"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.","evidence_excerpt":"$500,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2032","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.250%"},{"label":"Maturity","value":"June 23, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"960d38b8bb9bbf0078b45fd9aec4e69ddd544ed0","claim":"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.","evidence_excerpt":"$400,000,000 aggregate principal amount of the Company’s 4.600% Senior Notes due 2026","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400,000,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.600%"},{"label":"Maturity","value":"December 23, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}