Brown & Brown to borrow $250m liquidity as it braces for COVID-19 hit


Broker Brown & Brown will borrow nearly $250 million on its existing revolving line of credit to pay for a previously announced acquisition, as well as for additional liquidity to strengthen its financial position and balance sheet impacted by the COVID-19 pandemic.

Brown & Brown, Coronavirus, Insurance, Reinsurance, Credit, J. Powell Brown, North America

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