M
ME NEWS
16 Jun 2025, 11:28
Brown & Brown Raises $4.3 Billion Through Stock Offering and Launches $4.2 Billion Debt Issuance to Fund RSC Merger
Brown & Brown has successfully completed a $4.3 billion common stock offering, selling over 43 million shares. In parallel, the company launched a $4.2 billion multi-tranche senior notes issuance, including maturities ranging from 2026 to 2055, with interest rates between 4.6% and 6.25%. Proceeds from both offerings, along with cash on hand, will support the cash portion of the company’s planned acquisition of RSC Topco under a definitive merger agreement. If the transaction does not close, funds from the 2035 notes and stock sale will be redirected to general corporate purposes.
Brown & Brown has successfully completed a $4.3 billion common stock offering, selling over 43 million shares. In parallel, the company launched a $4.2 billion multi-tranche senior notes issuance, including maturities ranging from 2026 to 2055, with interest rates between 4.6% and 6.25%. Proceeds from both offerings, along with cash on hand, will support the cash portion of the company’s planned acquisition of RSC Topco under a definitive merger agreement. If the transaction does not close, funds from the 2035 notes and stock sale will be redirected to general corporate purposes.
