Ryan specialty successfully reprices term loan, lowers cost of capital

Chicago--(business wire)--ryan specialty holdings, inc. (nyse: ryan) (“ryan specialty”), a leading international specialty insurance firm, today announced the successful repricing of its $1.65 billion term loan debt (“term loan”), which is expected to reduce its annual cash interest expense by approximately $5.6 million. the repriced term loan bears an interest rate of sofr plus 2.75%, an improvement of 25 basis points from the prior term loan, and no longer contains a credit spread adjustment.
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