Cahill Represents Administrative Agent and Lead Arrangers in $1.1 Billion Credit Facilities for AssuredPartners, Inc.
Date: 02/16/24
Cahill represented the administrative agent and lead arrangers in connection with an Amendment to the existing credit agreement for AssuredPartners, Inc. to obtain $500,000,000 of incremental term B loans and to extend the maturity of the existing revolving credit commitments and to increase the size of the extended revolving commitments to $600,000,000. Proceeds from the incremental term B loans will be used to fund permitted acquisitions, for general corporate purposes and to refinance existing indebtedness. AssuredPartners, Inc. is one of the largest, fastest-growing, full-service insurance brokers in the United States.