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鲍德温集团为信贷设施定价，可借入高达14.4亿美元
2024-05-16 21:18
- The Baldwin Group (NASDAQ:BRP) said Thursday its unit priced a new $840 million senior secured first lien term loan facility and a new $600 million senior secured first lien revolving facility.
- The term loan will mature on or about May 24, 2031, and the revolving facility on or about May 24, 2029.
- The new term loan facility will bear interest at term SOFR plus an applicable margin of 325 bps, with a margin step-down to 300 bps at a first lien net leverage ratio of 4.00x or below.
- The new revolving facility will bear interest at term SOFR plus a credit spread adjustment of 10 bps and an applicable margin between 200 bps and 300 bps.
- The net proceeds, together with cash on hand, will be used to repay in full the entire outstanding amounts of borrowings under its existing credit facilities and to settle its contingent earnout liabilities, among other things.
- Press Release.
More on BRP Group
- BRP Group, Inc. (BRP) Q1 2024 Earnings Call Transcript
- BRP Group, Inc. (BRP) Q4 2023 Earnings Call Transcript
- The Baldwin Group announces $500M senior secured notes
- BRP Group rises after J.P. Morgan upgrades to Overweight
- Seeking Alpha’s Quant Rating on BRP Group
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