We advised The Baldwin Group on the financing

Davis Polk advised The Baldwin Insurance Group, Inc. (The Baldwin Group) in connection with a Rule 144A / Regulation S offering of $600 million of 7.125% senior secured notes due 2031 issued by its subsidiary The Baldwin Insurance Group Holdings, LLC (Baldwin Holdings) and a wholly owned corporate subsidiary of Baldwin Holdings, as well as concurrent new senior secured credit facilities for Baldwin Holdings, consisting of an $840 million term loan facility and a $600 million revolving credit facility.

Baldwin Holdings intends to use the net proceeds from the new term loan facility and the issuance of the new notes to repay its existing credit facilities, to settle its contingent earnout liabilities as they become due and for other general corporate purposes.

The Baldwin Group is an independent insurance distribution firm providing indispensable expertise and insights that strive to give its clients the confidence to pursue their purpose, passion and dreams. It does this by delivering bespoke client solutions, services and innovation through its comprehensive and tailored approach to risk management, insurance and employee benefits.

The Davis Polk capital markets team included partner Pedro J. Bermeo, counsel Joze Vranicar and associates Benjamin Guillon and Megan Phansalkar. The finance team included partner Meyer C. Dworkin and associates Theodore N. Batis and Meredith Liu. The tax team included partner Michael Mollerus and counsel Liang Zhang. Counsel Matthew R. Silver provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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