...October 1, 2020 - Insurance broker BRP Group Inc. is planning to issue a new first lien facility consisting of a $400 million first-lien term loan and $400 million revolver. - We are assigning BRP our 'B' issuer credit rating and assigning the company's first-lien credit facility a 'B' debt rating with a '3' recovery rating. - The stable outlook reflects our expectation that BRP will continue to produce double-digit organic growth and execute on a highly acquisitive expansion strategy while also managing financial policy to produce S&P Global Ratings pro forma leverage in line with 'B' rated peers. NEW YORK (S&P Global Ratings) Oct. 1, 2020--S&P Global Ratings said today it assigned publicly traded insurance services broker BRP Group Inc. (BRP) its 'B' long-term issuer credit rating. The outlook is stable. We also assigned our 'B' debt rating and '3' recovery rating to the company's proposed $400 million term loan due 2027 and $400 million revolver due 2025 to be issued out of subsidiary...
