Ryan Specialty Holdings Enters New Credit Agreement
Ticker: RYAN · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1849253
| Field | Detail |
|---|---|
| Company | Ryan Specialty Holdings, Inc. (RYAN) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $600.0 million, $400.0 million, $450.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, credit-agreement
TL;DR
RYAN just signed a new credit deal, potentially changing their debt game.
AI Summary
On December 9, 2024, Ryan Specialty Holdings, Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant, indicating new or modified debt arrangements. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing signals a change in Ryan Specialty's debt structure, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Entering into new credit agreements can introduce financial obligations and alter a company's risk profile.
Key Players & Entities
- Ryan Specialty Holdings, Inc. (company) — Registrant
- December 9, 2024 (date) — Date of earliest event reported
FAQ
What type of credit agreement did Ryan Specialty Holdings, Inc. enter into?
The filing indicates Ryan Specialty Holdings, Inc. entered into a credit agreement, which is a material definitive agreement.
What is the significance of this credit agreement for the company?
The credit agreement creates a direct financial obligation for the registrant, suggesting new or modified debt arrangements.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 9, 2024.
What other items are included with this 8-K filing?
The filing includes financial statements and exhibits related to the credit agreement.
What is Ryan Specialty Holdings, Inc.'s primary business?
Ryan Specialty Holdings, Inc. is in the INSURANCE AGENTS BROKERS & SERVICES industry, SIC code 6411.
Filing Stats: 1,103 words · 4 min read · ~4 pages · Grade level 11.1 · Accepted 2024-12-09 16:11:59
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value RYAN The New York Stock E
- $600.0 million — reviously announced private offering of $600.0 million in aggregate principal amount of additi
- $400.0 million — his offering to temporarily repay up to $400.0 million of outstanding borrowings under the Rev
- $450.0 million — that were used to fund a portion of the $450.0 million acquisition of Innovisk Capital Partner
Filing Documents
- d896518d8k.htm (8-K) — 32KB
- d896518dex42.htm (EX-4.2) — 91KB
- 0001193125-24-273411.txt ( ) — 264KB
- ryan-20241209.xsd (EX-101.SCH) — 3KB
- ryan-20241209_lab.xml (EX-101.LAB) — 18KB
- ryan-20241209_pre.xml (EX-101.PRE) — 11KB
- d896518d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 4.1 Indenture, dated as of September 19, 2024, by and among Ryan Specialty, LLC, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K, filed on September 19, 2024). 4.2 First Supplemental Indenture dated as of December 9, 2024, by and among Ryan Specialty LLC, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent. 4.3 Form of 5.875% Senior Secured Notes due 2032 (included as Exhibit A to Exhibit 4.2 filed herewith). 104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document)
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: December 9, 2024 By: /s/ Mark S. Katz Name: Mark S. Katz Title: Executive Vice President, General Counsel and Corporate Secretary