Ryan Specialty Group Holdings to Seek Acquisition and Investments Opportunities
February 03, 2022 at 06:11 pm IST
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Ryan Specialty Group Holdings, Inc. (NYSE:RYAN) will look for acquisition opportunities and investments. Ryan priced an offering of $400 million in aggregate principal amount of its 4.375 % Senior Secured Notes due 2030 . The net proceeds from the notes will be used for general corporate purposes, including future acquisition opportunities and investments, and to pay fees and expenses related to this offering.
Ryan Specialty Holdings, Inc. is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. The Company 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. For retail insurance brokers, it assists in the placement of complex or otherwise hard-to-place risks. For insurance carriers, it works with retail and wholesale insurance brokers to source, onboard, underwrite, and service these same risks. The Companyâs Wholesale Brokerage Specialty operates predominantly under the brand RT Specialty along with others, such as RT ProExec and CERT. Its Binding Authority Specialty operates under the RT Specialty and RT Binding Authority brands. Its Underwriting Management Specialty operates under multiple brands, which are collectively referred to as Ryan Specialty Underwriting Managers.