---
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"
generated_at: "2026-05-19T00:32:57.884392+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brown & Brown closes $4.2B multi-tranche note offering to fund RSC acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-144719
- JSON: https://secwatch.observer/filing/0001193125-25-144719.json
- Plain text: https://secwatch.observer/filing/0001193125-25-144719.txt

## Key facts
- Debt Financings
  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
  source text: $1,000,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2035
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm
- Debt Financings
  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
  source text: $800,000,000 aggregate principal amount of the Company’s 4.900% Senior Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm
- Debt Financings
  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
  source text: $500,000,000 aggregate principal amount of the Company’s 4.700% Senior Notes due 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm
- Debt Financings
  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
  source text: $500,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2032
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm
- Debt Financings
  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
  source text: $400,000,000 aggregate principal amount of the Company’s 4.600% Senior Notes due 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/79282/000119312525144719/0001193125-25-144719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.