---
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"
generated_at: "2026-05-17T06:16:35.670805+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-207391
- JSON: https://secwatch.observer/filing/0001193125-25-207391.json
- Plain text: https://secwatch.observer/filing/0001193125-25-207391.txt

## Key facts
- Debt Financings
  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%.
  - Instrument: term loan
  - Principal: $75 million
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
  - Rate: term SOFR, plus an applicable margin of 2.50%
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/0001193125-25-207391-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $931.1 million
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
  - Rate: term SOFR, plus an applicable margin of 2.50%
  - Maturity: May 24, 2031
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1781755/000119312525207391/0001193125-25-207391-index.htm

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