Ryan Specialty upsizes and prices $600M of 5.875% senior secured notes due 2032

RYAN SPECIALTY HOLDINGS, INC.

Offering increased by $100M from previously announced $500M; priced at 99.5% of par.
Closing expected on Dec 9, 2024; notes are additional under indenture for $600M existing 5.875% notes.
Proceeds for future acquisitions, general corporate; may temporarily repay up to $400M of revolver used for Innovisk Capital Partners acquisition.
Notes are secured first-lien, guaranteed by subsidiary guarantors, not by Ryan Specialty Holdings.
Innovisk Capital Partners acquisition closed Nov 4, 2024 for $450M.

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