secwatch.observer — SEC 8-K summary
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Issuer:     RYAN SPECIALTY HOLDINGS, INC. (RYAN)
CIK:        0001849253
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001193125-24-269037
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849253/000119312524269037/0001193125-24-269037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849253/000119312524269037/d118703d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-269037

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