ORLANDO (September 30, 2020) – Holland & Knight represented Florida-based Brown & Brown, Inc. (NYSE: BRO), a diversified insurance agency, wholesale brokerage, insurance programs and service organization, in its recent public offer and sale of $700 million in 2.375% senior notes due March 15, 2031. The sale was completed on September 24.
Participating banks included J.P. Morgan Securities LLC, BofA Securities, Inc., PNC Capital Markets LLC and Truist Securities, Inc. as joint book-running managers of the offering and representatives of the several underwriters. U.S. Bank N.A. acted as trustee. Brown & Brown will use the net proceeds of the offering to repay a portion of the outstanding borrowings under the company's credit facility and for general corporate purposes.
Holland & Knight Partner Tom McAleavey and Associates Kristin Padgett, Stacy Thomas, Amanda Barbour and Gabriella Guariniello led the firm's representation of Brown & Brown.
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