Ryan Specialty Group’s Strategic Acquisition Financing Moves
Company Announcements

Ryan Specialty Group’s Strategic Acquisition Financing Moves

The latest announcement is out from Ryan Specialty Group (RYAN).

Ryan Specialty, a subsidiary of Ryan Specialty Holdings, Inc., leveraged its credit facility to borrow $850 million, contributing to the $1.075 billion cash purchase of US Assure Insurance Services. The acquisition, which may include an extra $400 million tied to performance targets, was financed partly through existing cash reserves. The company also secured a commitment for a $500 million bridge loan, which remained unused and was set to expire upon the acquisition’s completion. Interest on the credit facility borrowings is set at SOFR plus 2.25%, with the option for early repayment without penalties before its 2029 maturity.

See more insights into RYAN stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskRyan Specialty Group Reports Robust Q3 2024 Performance
TheFlyRyan Specialty in final talks to acquire Innovisk Capital
TheFlyRyan Specialty maintains FY24 outlook for organic revenue growth at 13%-14%
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App