Baldwin Group Prices $600 Million Debt Offering-February 2024-www.financetom.com

Baldwin Group Prices $600 Million Debt Offering

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Baldwin Group Prices $600 Million Debt Offering

May 10, 2024 11:24 AM

02:07 PM EDT, 05/10/2024 (MT Newswires) -- Baldwin Group (BRP) on Friday priced and upsized a debt offering to raise $600 million.

The firm had initially planned on raising $500 million.

The debt will be raised via the issue of 7.125% senior secured notes due May 15, 2031.

The company said it would use the funds raised to extinguish existing debt.

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