School loan

BRP Group, Inc. Announces Launch of $100 Million Term Loan

TAMPA, Fla., May 24, 2021 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution company that provides solutions bespoke insurance company, announced that its subsidiary Baldwin Risk Partners, LLC (“BRP LLC”) is seeking to enter into an amendment to the additional term loan facility to its existing credit agreement (the “Credit Agreement”) by pursuant to which BRP LLC would borrow $100 million of new Term Loans B (the “New Term Loan B”) under the Credit Agreement, which would increase the aggregate principal amount of its Term Loan Facility first lien existing collateral maturing in 2027 (the “Existing Term Loan B”) of $400 million; at $500 million.

BRP LLC intends to use the net proceeds of the New Term Loan B for general corporate purposes, including acquisitions and investments permitted under the Credit Agreement.

The foregoing transaction is subject to market and other conditions. Accordingly, there can be no assurance that BRP LLC will be able to successfully complete the transaction, on the terms described above, or at all.

ABOUT BRP GROUP, INC.

BRP Group, Inc. (NASDAQ: BRP) is a rapidly growing, independent insurance distribution company that provides tailored insurance and risk management information and solutions that give our customers peace of mind. spirit needed to pursue their purpose, passion and dreams. We innovate the industry by taking a holistic and personalized approach to risk management, insurance and employee benefits, and support our customers, colleagues, insurance company partners and communities through the deployment of resources and capital of avant-garde to stimulate our growth. BRP represents more than 600,000 customers in the United States and abroad. For more information, please visit www.baldwinriskpartners.com.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs regarding future events. Forward-looking statements are statements other than historical facts and may include statements that address future operational, financial or business performance or BRP Group’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “could”, “shall”, “should”, “expect”, “plan”, “anticipate”, “believe”, “valued”. “, “predicted”, “projects”, “potential”, “prospects” or “continues”, or the negative form of these terms or any other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such statements.

Factors which could cause actual results or performance to differ from the expectations expressed or implied by such forward-looking statements include, but are not limited to, those described under “Risk Factors” in the Group’s Annual Report BRP on Form 10-K for the fiscal year ended December 31, 2020, BRP Group’s quarterly reports on Form 10-Q for the three months ended March 31, 2021 and other documents filed by BRP Group with the SEC, which are available free of charge on the Securities and Exchange Commission website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to such risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group undertakes no obligation to update them in light of new information, future developments or otherwise, except as required by applicable law. ‘required.

CONTACTS

INVESTOR RELATIONS
Bonnie Bishop
Investor Relations
(813) 259-8032
[email protected]

HURRY
Rachel Carr
Baldwin Risk Partners
(813) 418-5166
[email protected]