Ryan Specialty Intends To Offer Up To $500M Aggregate Principal Amount Of Senior Secured Notes Due 2032 In A Private Offering
Portfolio Pulse from Benzinga Newsdesk
Ryan Specialty plans to offer up to $500 million in senior secured notes due 2032 in a private offering. This move is likely aimed at raising capital for business operations or expansion.
September 05, 2024 | 11:28 am
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Ryan Specialty is issuing up to $500 million in senior secured notes due 2032, likely to raise capital for strategic purposes.
The issuance of senior secured notes suggests Ryan Specialty is looking to raise significant capital, which could be used for expansion or other strategic initiatives. This move may affect the company's financial leverage and interest expenses, but the long-term impact will depend on how the capital is utilized.
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