{"url_path":"/sec/bro/8-k/2026-06-05/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-05","source_url":"https://www.sec.gov/Archives/edgar/data/79282/0001193125-26-259864-index.html","accession_number":"0001193125-26-259864","cik":"0000079282","ticker":"BRO","issuer_name":"BROWN & BROWN, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/79282/0001193125-26-259864-index.html","primary_entity_key":"0000079282","primary_entity_name":"BROWN & BROWN, INC."},"word_count":399,"has_tables":true,"body_markdown":"Item 1.01 Entry into a Material Definitive Agreement.\n\nOn June 5, 2026, Brown & Brown, Inc. (the “Company”) entered into an amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”) with the lenders named therein, JPMorgan Chase Bank, N.A. as administrative agent, Bank of America, N.A., Truist Bank and BMO Bank N.A. as co-syndication agents, and U.S. Bank National Association, Fifth Third Bank, National Association, Wells Fargo Bank, National Association, PNC Bank, National Association, HSBC Bank USA, National Association, Citizens Bank, N.A., The Huntington National Bank, and Barclays Bank PLC as co-documentation agents. The Third Amended and Restated Credit Agreement amended and restated the credit agreement dated October 27, 2021 (the “Existing Credit Agreement”).\n\nThe Third Amended and Restated Credit Agreement:\n\n•\nincreases the amount available to the Company and certain other subsidiary borrowers under the existing revolving credit facility (the “Revolving Credit Facility”) from $800 million to $1,250 million;\n\n•\nextends the applicable maturity date in respect of the Revolving Credit Facility in the amount of $1,250 million to June 5, 2031;\n\n•\nmakes available to the Company term loans in the aggregate amount of $250 million with a maturity date of June 5, 2029 (the “Term A-1 Loan Facility”);\n\n•\nmakes available to the Company term loans in the aggregate amount of $250 million with a maturity date of June 5, 2031 (the “Term A-2 Loan Facility” and collectively with the Revolving Credit Facility and the Term A-1 Loan Facility, the “Facilities” and each, a “Facility”);\n\n•\nincludes various covenants, limitations and events of default customary for similar facilities for similarly rated borrowers; and\n\n•\nmakes certain other updates and modifications to the Existing Credit Agreement.\n\nAs of the date of filing this Current Report on Form 8-K, there is $825 million outstanding under the Facilities.\n\nSome of the agents and lenders under the Facility or their affiliates have various other relationships with the Company and its subsidiaries involving the provision of financial services, including cash management, loans, letter of credit and bank guarantee facilities, investment banking and trust services.\n\nThe foregoing description of the Third Amended and Restated Credit Agreement is qualified in its entirety by reference to the complete terms and conditions of the Third Amended and Restated Credit Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for its quarter ending June 30, 2026."}