Ryan Specialty Reprices and Upsizes Term Loan
Ryan Specialty Holdings, Inc. Class A (RYAN)
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced that Ryan Specialty, LLC (the “Company”), an indirect subsidiary of Ryan Specialty, successfully agreed with lenders to (a) refinance its existing term loan and (b) increase the size of the term loan facility (the “Incremental Term Loan”) bringing the aggregate size of the term loan facility after closing to $1.7 billion (the “Term Loan Facility”), subject to customary closing conditions.The proceeds of the Incremental Term Loan are expected to be applied to reduce the outstanding borrowings under the Company’s revolving credit facility. The Term Loan Facility is expected to bear interest at a rate of SOFR plus 2.25%, an improvement of 50 basis points from the existing term loan facility. The maturity date of the Term Loan Facility is expected to be extended to 2031. The consummation of the term loan transaction is expected to b
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RYAN
News
- Ryan Specialty concludes purchase of Ethos P&C MGUs [Yahoo! Finance]Yahoo! Finance
- Is SPDR S&P Insurance ETF (KIE) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- Ryan Specialty Completes Acquisition of Ethos Specialty Insurance’s P&C MGUs From Ascot Group LimitedBusiness Wire
- Ryan Specialty Reprices and Upsizes Term Loan [Yahoo! Finance]Yahoo! Finance
- AM Best Revises Performance Assessment Outlook to Positive for Ryan Specialty Underwriting Managers International Limited and Ryan Specialty Netherlands B.V. [Yahoo! Finance]Yahoo! Finance
RYAN
Earnings
- 8/1/24 - Beat
RYAN
Sec Filings
- 9/19/24 - Form 8-K
- 9/5/24 - Form 8-K
- 9/5/24 - Form 4
- RYAN's page on the SEC website