{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-207391","form_type":"8-K","ticker":"BWIN","cik":"0001781755","company_name":"Baldwin Insurance Group, Inc.","filed_at":"2025-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.970539+00:00","generated_at":"2026-05-17T06:16:35.670805+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Baldwin Insurance reprices $931M term loan, adds $75M incremental debt, lowers revolver margin","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-207391","json":"https://secwatch.observer/filing/0001193125-25-207391.json","markdown":"https://secwatch.observer/filing/0001193125-25-207391.md","text":"https://secwatch.observer/filing/0001193125-25-207391.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/0001193125-25-207391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/d71891d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:16:35.670805+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":"161fc7c74a9f29950110a36c9f6d8b741854897e","claim":"Baldwin Insurance Group, Inc. incurred term loan of $75 million with JPMorgan Chase Bank, N.A. (as administrative agent) at term SOFR, plus an applicable margin of 2.50%.","evidence_excerpt":"provide for $75 million of incremental term B loans (the \"New Term Loans\"), increasing the aggregate principal amount of the Existing Term Loans to $1,006 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/0001193125-25-207391-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$75 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent)"},{"label":"Rate","value":"term SOFR, plus an applicable margin of 2.50%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a59039d366b5d854ba4b17d0dd50b046538edc74","claim":"Baldwin Insurance Group, Inc. amended term loan of $931.1 million with JPMorgan Chase Bank, N.A. (as administrative agent) at term SOFR, plus an applicable margin of 2.50% maturing May 24, 2031.","evidence_excerpt":"reprice its existing $931.1 million senior secured first lien term loan facility maturing on May 24, 2031 (the \"Existing Term Loans\"), (ii) provide for $75 million of incremental term B loans (the \"New Term Loans\"), increasing the aggregate principal amount of the Existing Term Loans to $1,006 million and (iii) reduce the applicable margin for the Revolving Credit Loans (as defined in the Credit Agreement).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/0001193125-25-207391-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$931.1 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent)"},{"label":"Rate","value":"term SOFR, plus an applicable margin of 2.50%"},{"label":"Maturity","value":"May 24, 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}