BRO BROWN & BROWN, INC.
Price Chart
Executive Summary
Brown & Brown entered into a Third Amended and Restated Credit Agreement on June 5, 2026, increasing its revolving credit facility from $800M to $1.25B, extending the maturity to June 2031, and adding $500M in new term loans ($250M due 2029, $250M due 2031). As of filing, $825M was outstanding under the facilities. This is a routine refinancing and capacity expansion for an investment-grade insurance broker — no financial distress or material change in business fundamentals.
Actionable Insight
This is a routine credit facility upsizing and extension for a large insurance broker. No earnings or guidance were released. Monitor the Q2 2026 10-Q for the full credit agreement and any change in leverage ratios. No immediate trading catalyst.
Key Facts
- Revolving credit facility increased from $800M to $1.25B, maturing June 5, 2031
- New $250M Term A-1 Loan Facility maturing June 5, 2029
- New $250M Term A-2 Loan Facility maturing June 5, 2031
- $825M outstanding under the Facilities as of filing date
- Credit agreement is an amendment and restatement of the October 27, 2021 agreement
Financial Impact
Total available credit increased by $700M to $1.75B ($1.25B revolver + $500M term loans); $825M currently drawn
Risk Factors
- Increased total debt capacity could lead to higher leverage if fully drawn
- No financial covenants or interest rate terms disclosed in the 8-K
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-259864 |
| Document: 0001193125-26-259864-index-headers.html | 0001193125-26-259864 |
| Document: 0001193125-26-259864-index.html | 0001193125-26-259864 |
| Document: 0001193125-26-259864.txt | 0001193125-26-259864 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 6, 2026
7d ago
|
ANALYST-UPGRADE
| $56.51 $54.19 | ▼ −4.11% | ▼ −5.28% | $59.99 (+6.17%) |
|
Jun 5, 2026
7d ago
|
8-K
| $58.26 awaiting T+5 | awaiting T+5 | — | $59.99 (+2.97%) |
|
May 21, 2026
22d ago
|
ANALYST-UPGRADE
| $58.36 $56.84 | ▼ −2.60% | ▼ −4.19% | $59.99 (+2.80%) |
|
May 16, 2026
27d ago
|
ANALYST-UPGRADE
| $71.61 $73.29 | ▲ +2.34% | ▲ +4.03% | $59.99 (−16.23%) |
|
May 6, 2026
5w ago
|
ANALYST-UPGRADE
| $56.51 $55.77 | ▼ −1.30% | ▼ −2.43% | $59.99 (+6.17%) |
|
Apr 27, 2026
6w ago
|
8-K
| $63.03 $57.64 | ▼ −8.54% | ▼ −10.24% | $59.99 (−4.82%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $63.03 $57.64 | ▼ −8.54% | ▼ −10.24% | $59.99 (−4.82%) |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $68.81 $67.53 | ▼ −1.86% | ▼ −2.84% | $59.99 (−12.81%) |
|
Apr 9, 2026
9w ago
|
8-K
| $67.13 $68.81 | ▲ +2.50% | ▼ −0.68% | $59.99 (−10.63%) |
|
Mar 24, 2026
11w ago
|
DEFA14A
| $64.09 $64.36 | ▲ +0.42% | ▲ +0.66% | $59.99 (−6.39%) |
US Market Status
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