Summary
Brown & Brown, Inc. (BRO) filed a Form 8-K on July 19, 2004, to report a private offering of debt securities. The company announced its intention to offer $100 million in 5.57% Series A Notes due September 15, 2011, and $100 million in 6.08% Series B Senior Notes due July 15, 2014. This filing serves as a preliminary notice under Rule 135c of the Securities Act of 1933, indicating the company's intent to raise capital through these debt instruments.
Key Highlights
- 1Brown & Brown, Inc. is planning a significant debt offering, aiming to raise a total of $200 million.
- 2The offering consists of two tranches: $100 million in Series A Notes and $100 million in Series B Senior Notes.
- 3The Series A Notes will have a coupon rate of 5.57% and mature on September 15, 2011.
- 4The Series B Senior Notes will carry a higher coupon rate of 6.08% and mature later on July 15, 2014.
- 5This is a private offering, meaning it is not being registered with the SEC for public sale, as indicated by the Rule 135c notice.
- 6The filing date is July 19, 2004, with the earliest event reported being July 16, 2004.
Frequently Asked Questions
This 8-K filing serves as a notice under Rule 135c of the Securities Act of 1933, informing the public and investors of Brown & Brown, Inc.'s intention to conduct a private offering of debt securities. It is a preliminary step and not a registration statement.
The company intends to raise a total of $200 million through this debt offering, split equally between two series of notes.
The offering includes $100 million of 5.57% Series A Notes due September 15, 2011, and $100 million of 6.08% Series B Senior Notes due July 15, 2014.
No, this is a private offering. The Rule 135c notice indicates that the securities are not being registered for public sale at this time.