debt
confidence high
sentiment neutral
materiality 0.85
Ryan Specialty Issues $600 Million Additional 5.875% Senior Secured Notes Due 2032
RYAN SPECIALTY HOLDINGS, INC.
- Issued $600M aggregate principal amount of additional 5.875% Senior Secured Notes due 2032 on Dec 9, 2024.
- Net proceeds will be used for future acquisition opportunities and investments and general corporate purposes.
- Part of proceeds temporarily repay up to $400M of borrowings under Revolving Credit Facility used to fund Innovisk Capital Partners acquisition.
- Notes issued at 99.500% of principal amount under first supplemental indenture with U.S. Bank Trust Company as trustee.