debt
confidence high
sentiment neutral
materiality 0.60
Ryan Specialty upsizes and prices $600M Senior Secured Notes at 5.875% due 2032
RYAN SPECIALTY HOLDINGS, INC.
- Priced $600M aggregate principal of 5.875% Senior Secured Notes due 2032 at 100% of par.
- Offering upsized by $100M from previously announced size; closing expected Sept 19, 2024.
- Net proceeds to repay revolver borrowings used to fund the $1.075B acquisition of US Assure Insurance Services.
- Notes are senior secured, jointly guaranteed by subsidiary guarantors, but not by Ryan Specialty Holdings.