Brown & Brown to repay credit facility due 2019 via new notes offering

By Tali Rackner

Norfolk, Va., Sept. 15 – Brown & Brown, Inc. plans to repay outstanding borrowings under its credit facility due May 20, 2019 with the proceeds from a senior notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

Brown & Brown is a diversified insurance company based in Daytona Beach, Fla.

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