Market Chatter: Morgan Stanley Launches $2.3 Billion Baldwin Debt Offering

MT Newswires Live01:28

Morgan Stanley (MS) has launched a $2.3 billion debt offering to help finance the acquisition of Baldwin Insurance Group by Michael Dell's family office and Sequence Holdings, Bloomberg reported Tuesday, citing a person familiar with the matter.

The financing includes a $2 billion term loan and a $300 million delayed-draw term loan, both with seven-year maturities. Pricing is being discussed at 3.5 percentage points over the benchmark rate and 99 cents on the dollar, the report said.

The acquisition financing also includes $750 million of privately placed second-lien secured debt. The $7.7 billion all-cash deal is expected to close in Q1 2027, Bloomberg reported.

Morgan Stanley did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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