Ryan Specialty Group $400 million senior secured notes offering
The high-yield notes are due 2030
Davis Polk advised the initial purchasers in a debut Rule 144A / Regulation S offering by Ryan Specialty Group, LLC of $400 million aggregate principal amount of its 4.375% senior secured notes due 2030. The notes are guaranteed by certain of Ryan Specialty Group’s subsidiaries.
Founded by Patrick G. Ryan in 2010, Ryan Specialty Group is a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty Group provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter.
The Davis Polk capital markets team included partners Michael Kaplan and Pedro J. Bermeo and associates Claudia Carvajal Lopez and Christian Knoble. The finance team included partner James A. Florack and associate Aviv Avnon. Mario J. Verdolini and associate Eitan Ulmer provided tax advice. All members of the Davis Polk team are based in the New York office.