The high-yield notes are due 2032

Davis Polk advised the representative of the several initial purchasers in a Rule 144A / Regulation S offering by Ryan Specialty, LLC of an additional $600 million aggregate principal amount of its 5.875% senior secured notes due 2032. The additional notes will form a single series with the $600 million aggregate principal amount of its 5.875% senior secured notes due 2032 that Ryan Specialty issued on September 19, 2024. The notes are guaranteed by certain of Ryan Specialty’s subsidiaries.

Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers.

The Davis Polk capital markets team included partner Pedro J. Bermeo and associates Claudia Carvajal Lopez and Frank Zhang. The finance team included partner Meyer C. Dworkin and associates Theodore N. Batis and Emily Y. Su. Partner Mario J. Verdolini and associate Alanna Phillips provided tax advice. All members of the Davis Polk team are based in the New York office.

 

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