The Baldwin Group announced on September 12, 2025, that its subsidiary, The Baldwin Insurance Group Holdings, LLC, successfully received commitments to reprice its existing $931.1 million senior secured first lien term loan facility. An incremental term B loan of $75 million was also incurred, increasing the aggregate principal amount of the Term Loan Facility to $1.006 billion.
The repriced Term Loan Facility will now bear interest at term SOFR plus an applicable margin of 250 basis points, a reduction from the previous margin. This adjustment is expected to lower the company's borrowing costs and enhance its financial efficiency.
Additionally, Baldwin Holdings entered into an interest rate swap agreement, effective September 14, 2025, to fix the floating interest rate portion on a notional amount of $500 million of borrowings at 3.244%. The net proceeds from the incremental term B loan will be used to pay down outstanding borrowings under its revolving credit facility, with any remaining proceeds allocated for general corporate purposes.
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