Ryan Specialty launches $500M add-on to 5.875% senior secured notes due 2032

RYAN SPECIALTY HOLDINGS, INC.

Up to $500M aggregate principal of additional 5.875% senior secured notes due 2032 in a private offering.
New notes are additional issuance under indenture governing existing $600M of 5.875% notes issued Sept 2024.
Proceeds for future acquisitions, general corporate purposes, and may repay up to $400M of revolver borrowings.
Revolver borrowings funded part of $450M acquisition of Innovisk Capital Partners on Nov 4, 2024.
Notes are senior secured, guaranteed by wholly owned subsidiaries, but not by Ryan Specialty Holdings.

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