Ryan Specialty Group (RYAN) has released an update to notify the public and investors about an entry into a material definitive agreement.
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On January 19, 2024, Ryan Specialty, LLC, a subsidiary of Ryan Specialty Holdings, Inc., amended its credit agreement with JPMorgan Chase Bank, N.A., and other lenders, achieving a reduction in the term loan’s interest rate from SOFR + 3.00% to SOFR + 2.75% and removing the credit spread adjustment for various borrowing periods. This summary is based on the Repricing Amendment, a detailed version of which is available in the company’s regulatory filings.
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