Public Event Detail
Brown & Brown Secures $1.25B Revolver, $500M Term Loans in Amended Credit Agreement
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2026-06-05JPMJPMorgan ChaseAlpha Vantage Newsm_and_a
Event summary
Brown & Brown (BRO) has entered into a Third Amended and Restated Credit Agreement, significantly expanding its financing capacity. The agreement includes a $1.25 billion revolving credit facility, $250 million in Term A-1 loans maturing in 2029, and an additional $250 million in Term A-2 loans maturing in 2031, extending the revolver maturity to June 5, 2031. Led by JPMorgan, this deal aims to enhance liquidity for growth and general corporate purposes, with $825 million already outstanding.
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