Baldwin Insurance reprices $931M term loan, adds $75M incremental debt, lowers revolver margin

Baldwin Insurance Group, Inc.

Repriced $931.1M senior secured first lien term loan facility to SOFR + 2.50% margin.
Added $75M of incremental term B loans, increasing total to $1.006B.
Net proceeds used to pay down outstanding revolving credit facility borrowings.
Revolving credit loan applicable margin reduced to 1.75%-2.50% (based on leverage).
New terms effective September 18, 2025; loans mature May 24, 2031.

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