We advised the borrower on the amendment

Davis Polk advised Baldwin Risk Partners, LLC (BRP) as borrower in connection with a $170 million incremental facility which increases the aggregate principal amount of its existing term loan facility from $850 million to $1.02 billion. BRP will use the proceeds of the facility to repay outstanding revolving loans and for general corporate purposes including consummation of certain corporate acquisitions.

BRP, a subsidiary of BRP Group, Inc. (BRP Group), is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions. BRP is innovating by taking a holistic and tailored approach to risk management, insurance and employee benefits. BRP Group represents over 1.3 million clients across the United States and internationally.

The Davis Polk finance team included partner Meyer C. Dworkin and associate Theodore Batis. Counsel Matthew R. Silver provided ’40 Act advice. All members of the Davis Polk team are based in the New York office.