The Company has evaluated subsequent events through August 2, 2024, and has concluded that no events have occurred that require disclosure other than the events listed below.

On July 30, 2024, the Company entered into an amendment to the Credit Agreement, which provided for an increase in the borrowing capacity of the Revolving Credit Facility from $600.0 million to $1,400.0 million. The amendment also extended the maturity date of the Revolving Credit Facility to July 30, 2029, and reduced the applicable interest rate from Adjusted Term SOFR + up to 3.00% to Adjusted Term SOFR + up to 2.50%.

On July 31, 2024, the Company entered into a definitive agreement to acquire US Assure Insurance Services of Florida, Inc., a program specializing in builder’s risk insurance headquartered in Jacksonville, Florida. This acquisition is expected to close during the third quarter of 2024. In conjunction with the acquisition, the Company entered into a 364-day unsecured bridge term loan facility (the “Bridge Facility”) with approximately $500.0 million in aggregate principal. The acquisition and certain related fees and expenses are expected to be funded with a combination of cash on hand, borrowings under the Revolving Credit Facility, and other debt financing, which may include debt securities issued in one or more capital markets transactions, term loans, or other types of debt financing, or a combination thereof, subject to market conditions and other factors, and, only to the extent necessary, borrowings under the Bridge Facility.