secwatch.observer — SEC 8-K summary
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Issuer:     RYAN SPECIALTY HOLDINGS, INC. (RYAN)
CIK:        0001849253
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000950170-24-108156
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryan Specialty refinances $1.588B term loan, issues $600M 5.875% notes due 2032
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- Refinanced existing $1.5881B term loan; added $111.875M incremental term loan at SOFR+2.25% (down 50 bps).
- Net proceeds from $600M 5.875% senior secured notes due 2032 used to repay revolver borrowings funding US Assure acquisition.
- Term loan matures Sept 13, 2031; revolver matures July 30, 2029; notes mature Aug 1, 2032.
- US Assure acquisition closed Aug 30, 2024 for approx $1.075B; funded with revolver borrowings and cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024108156/0000950170-24-108156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849253/000095017024108156/ryan-20240913.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-108156

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer