AI English summary of an SEC filing — figures as filed

The company entered into an underwriting agreement on June 4, 2024 with BofA Securities, BMO Capital Markets, J.P. Morgan Securities and Truist Securities to issue $600,000,000 of 5.650% Senior Notes due 2034.

8-KEntry into a Material Definitive AgreementFiled Jun 5, 2024Period of report Jun 4, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company entered into an underwriting agreement on June 4, 2024 with BofA Securities, BMO Capital Markets, J.P. Morgan Securities and Truist Securities to issue $600,000,000 of 5.650% Senior Notes due 2034.
The company said the Notes will be issued under the Indenture dated September 18, 2014, as supplemented by a Fifth Supplemental Indenture, and that the sale is expected to close on June 11, 2024.
The company said it plans to use the net proceeds from the Notes to redeem its 4.2% senior notes due September 2024 and for general corporate purposes.
The company said the Notes are being offered under the Automatic Shelf Registration Statement on Form S-3 it filed on May 8, 2023, and that the underwriting agreement includes representations and warranties, closing conditions, and indemnification and contribution provisions.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Brown & Brown Enters Underwriting Agreement for $600,000,000 5.650% Senior Notes due 2034

The company entered into an underwriting agreement on June 4, 2024 with BofA Securities, BMO Capital Markets, J.P. Morgan Securities and Truist Securities to issue $600,000,000 of 5.650% Senior Notes due 2034.

Source · Based on the filing body and exhibits

Notes Issuance Timing and Fifth Supplemental Indenture

The company said the Notes will be issued under the Indenture dated September 18, 2014, as supplemented by a Fifth Supplemental Indenture, and that the sale is expected to close on June 11, 2024.

Source · Based on the filing body and exhibits

Planned Use of Net Proceeds

The company said it plans to use the net proceeds from the Notes to redeem its 4.2% senior notes due September 2024 and for general corporate purposes.

Source · Based on the filing body and exhibits

Form S-3 Shelf Registration and Key Underwriting Agreement Terms

The company said the Notes are being offered under the Automatic Shelf Registration Statement on Form S-3 it filed on May 8, 2023, and that the underwriting agreement includes representations and warranties, closing conditions, and indemnification and contribution provisions.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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