FX.co ★ Ryan Specialty, LLC Launches Private Offering Of Senior Secured Notes - Quick Facts

Ryan Specialty Holdings (RYAN) revealed plans for Ryan Specialty, LLC to propose an issuance of up to $500 million in additional senior secured notes, with a 5.875% interest rate, due in 2032, as part of a private offering. These new notes will be supplemental to the existing $600 million senior secured notes at the same rate and maturity, originally issued on September 19, 2024, under the current indenture.

Both the existing and newly proposed 2032 Notes will be unconditionally guaranteed on a senior secured basis. These guarantees will come from each of Ryan Specialty, LLC's current and future wholly owned subsidiaries that also underwrite obligations related to its $400 million at 4.375% senior secured notes due 2030, as well as its associated credit agreement.