RYAN Specialty Holdings Updates Business Address in 8-K Filing

TL;DR

**RYAN filed an 8-K for a routine address change and stock registration confirmation.**

AI Summary

This 8-K filing from Ryan Specialty Holdings, Inc. (RYAN) on January 19, 2024, primarily serves to update its business address to 155 North Wacker Drive, Suite 4000, Chicago, Illinois 60606, and confirm its Class A Common Stock, $0.001 par value, is registered on The New York Stock Exchange under the trading symbol RYAN. This matters to investors because it's a routine administrative update, indicating stable operations rather than significant strategic shifts, which can be reassuring for current or prospective shareholders.

Why It Matters

This filing is an administrative update, confirming basic company information and stock registration. It signals operational stability rather than any major financial or strategic changes.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not introduce any new financial or operational risks to the company.

Analyst Insight

A smart investor would note this as a routine administrative update, indicating no immediate need for action or re-evaluation of the company's fundamentals based on this filing alone.

Key Numbers

• $0.001 — par value per share (par value of RYAN's Class A Common Stock)

Key Players & Entities

• RYAN SPECIALTY HOLDINGS, INC. (company) — the registrant filing the 8-K
• The New York Stock Exchange (company) — where RYAN's Class A Common Stock is registered
• $0.001 (dollar_amount) — par value of Class A Common Stock
• January 19, 2024 (date) — date of earliest event reported and filing date
• 155 North Wacker Drive, Suite 4000, Chicago, Illinois 60606 (location) — new principal executive offices address

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 par value RYAN The New York Stock E

Filing Documents

• ryan-20240119.htm (8-K) — 41KB
• ryan-ex10_1.htm (EX-10.1) — 2604KB
• ryan-ex99_1.htm (EX-99.1) — 8KB
• img235980849_0.jpg (GRAPHIC) — 15KB
• 0000950170-24-005584.txt ( ) — 3144KB
• ryan-20240119.xsd (EX-101.SCH) — 23KB
• ryan-20240119_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 19, 2024, a wholly owned subsidiary of Ryan Specialty Holdings, Inc.(the “Company”), Ryan Specialty, LLC, the borrower, entered into the fifth amendment (the “Repricing Amendment”) to the credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of commercial lenders from time-to-time party thereto dated as of September 1, 2020, as amended. As a result of the Repricing Amendment, the applicable interest rate of the term loan was reduced from SOFR + 3.00% to SOFR + 2.75% and no longer contains a credit spread adjustment of 10 basis points, 15 basis points, or 25 basis points for the one-month, three-month, or six-month borrowing periods, respectively. The foregoing description of the Repricing Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement. A copy of the Repricing Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.

01 Other Events

Item 8.01 Other Events. The Company issued a press release on January 19, 2024 announcing completion of the Repricing Amendment. A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements The Company cautions you that statements included in this current report on Form 8-K that are not a description of historical facts are forward-looking statements that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding cash interest savings resulting from the repricing. The risks and uncertainties relating to the Company are contained in the reports on Forms 10-K, 10-Q and 8-K and in other filings the Company makes with the Securities and Exchange Commission from time to time. The Company's public filings with the Securities and Exchange Commission are available at www.sec.gov. The Company assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Number Description 10.1 Repricing Amendment dated January 19, 2024. 99.1 Press release dated January 19, 2024 relating to the Repricing Amendment.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RYAN SPECIALTY HOLDINGS, INC. Date: January 19, 2024 By: /s/ Mark S. Katz Mark S. Katz, Executive Vice President, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR