---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-005584"
form_type: "8-K"
ticker: "RYAN"
cik: "0001849253"
company_name: "RYAN SPECIALTY HOLDINGS, INC."
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:26:55.438692+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ryan Specialty reprices $1.65B term loan, cuts rate 25 bps to SOFR+2.75%, saves ~$5.6M/yr

## Summary
- Term loan interest rate reduced from SOFR+3.00% to SOFR+2.75%; credit spread adjustment eliminated.
- Expected annual cash interest savings of approximately $5.6 million.
- Maturity date of September 2027 and all other material terms remain unchanged.
- Repricing executed via fifth amendment to credit agreement with JPMorgan-led syndicate.

## SEC filing metadata
- accession: 0000950170-24-005584
- form_type: 8-K
- ticker: RYAN
- cik: 0001849253
- company_name: RYAN SPECIALTY HOLDINGS, INC.
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849253/000095017024005584/0000950170-24-005584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849253/000095017024005584/ryan-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-005584
- JSON: https://secwatch.observer/filing/0000950170-24-005584.json
- Plain text: https://secwatch.observer/filing/0000950170-24-005584.txt

## Key facts
- Material Agreements
  RYAN SPECIALTY HOLDINGS, INC. amended Repricing Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of commercial lenders (effective 2024-01-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of commercial lenders
  - Effective: 2024-01-19
  source text: On January 19, 2024, a wholly owned subsidiary of Ryan Specialty Holdings, Inc.(the “Company”), Ryan Specialty, LLC, the borrower, entered into the fifth amendment (the “Repricing Amendment”) to the credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of commercial lenders from time-to-time party thereto dated as of September 1, 2020, as amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849253/000095017024005584/0000950170-24-005584-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.