Ryan Specialty launches $1.65 billion term loan B to investors

By Sara Rosenberg

New York, July 16 – Ryan Specialty Group LLC held a lender call on Thursday to launch a $1.65 billion seven-year term loan B (B), according to a market source.

J.P. Morgan Securities LLC, BMO Capital Markets and Barclays are the leads on the deal.

Commitments are due at 5 p.m. ET on July 23, the source added.

Proceeds will be used to help fund the company’s merger with All Risks, Ltd.

Chicago-based Ryan Specialty and Delray Beach, Fla.-based All Risks are insurance companies.

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