09:17 AM EDT, 09/12/2025 (MT Newswires) -- Baldwin Insurance ( BWIN ) said Friday its Baldwin Insurance Group Holdings unit received commitments from lenders to reprice its existing $931.1 million senior secured first lien term loan facility maturing on May 24, 2031.

The company said it is amending an existing credit agreement under which it is expected to borrow $75 million of incremental term B loans under the credit agreement, which would raise the total amount of its existing term loan facility to $1 billion from $931.1 million.

Baldwin Insurance ( BWIN ) also said it entered an agreement to set the floating interest rate portion on $500 million of borrowings at 3.244%, which will be effective on Sunday.

The company said it intends to use the net proceeds from the term B loan to pay any outstanding debt under its revolving credit facility, with any remaining proceeds to be used for general corporate purposes.

BWIN shares were up 1.3% in recent premarket activity.