secwatch.observer — SEC 8-K summary
======================================

Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001781755-23-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRP Group subsidiary enters $170M incremental term loan facility, raises total term loans to $1.02B
--------------------------------------------------------------------------------

- Baldwin Risk Partners borrows $170M incremental Term Loan B under amended Credit Agreement, increasing existing term facility from $850M to $1.02B.
- Proceeds used to repay certain revolving loans; remaining for general corporate purposes of BRP LLC and subsidiaries.
- Amendment dated Sept 15, 2023; lenders include JPMorgan, Wells Fargo, BofA Securities, Capital One, Raymond James, Morgan Stanley, Cadence Bank, SouthState.
- Incremental Term Loan B subject to substantially same terms as existing term loans maturing in 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000178175523000032/0001781755-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000178175523000032/brp-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001781755-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer