Risk Strategies launches $500 million term loan at SOFR plus 600 bps

By Sara Rosenberg

New York, July 10 – Risk Strategies Co. launched on its lender call on Monday a $500 million unitranche incremental delayed-draw term loan with price talk of SOFR plus 600 basis points with a 0.75% floor and an original issue discount of 98, according to a market source.

The term loan has 101 call protection for one year and a total net leverage covenant, the source said.

Golub Capital is the left lead arranger on the deal.

Commitments are due at noon ET on July 21, the source added.

Proceeds will be used to support ongoing acquisition opportunities.

The company currently has a roughly $3.5 billion unitranche facility for which Golub is the administrative agent.

Risk Strategies, a portfolio company of Kelso & Co., is a Boston-based insurance brokerage firm.

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