Moody’s rates AmWINS loan Ba3

Moody’s Investors Service said it assigned a Ba3 rating to a $700 million senior secured term loan due February 2028 being issued by AmWINS Group, Inc. following the company's announcement that it plans to borrow an incremental $700 million under its existing senior secured credit facilities.

AmWINS’ other ratings, including its B1 corporate family rating and the Ba3 ratings on its outstanding loans, are unchanged.

The company will use the loan to help fund a shareholder dividend.

The outlook for AmWINS is unchanged at stable.

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