secwatch.observer — SEC 8-K summary
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Issuer:     RYAN SPECIALTY HOLDINGS, INC. (RYAN)
CIK:        0001849253
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0000950170-24-102557
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryan Specialty completes acquisition of US Assure for $1.075B cash plus up to $400M earnout
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- Acquisition closed Aug 30 for $1.075B cash plus up to $400M earnout based on performance targets.
- Borrowed $850M under revolver at SOFR+2.25% to partially fund acquisition; bridge facility not used.
- US Assure is a leading program specializing in builder's risk insurance; will be part of Underwriting Managers Specialty.
- Revolving credit facility has $549.6M undrawn capacity after borrowing; matures in 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024102557/0000950170-24-102557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024102557/ryan-20240830.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-102557

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