Howden reprices around $4.1bn debt, saving $8m a year
Howden Group has confirmed a debt repricing of around $4.1bn (£3.05bn), saving approximately $8m a year, in a transaction that completed on 8 August.
The broker repriced its $3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF).
Mark Craig, group chief financial officer of Howden, said: “I’m delighted that we’ve achieved one of the tightest pricing levels for leveraged loans by an insurance broker in this ratings category, as Howden continues to be well-supported by the capital markets. Being able to make our borrowing more efficient puts us in an even stronger position to continue delivering on our ambitious growth plans.
H
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
E-trade products to be first Intact launches in October – RSA’s Grosscurth
Tovah Grosscurth, commercial lines MD, has outlined plans for the first Intact-branded products to be e-trade ones launching in October and laid out how RSA is increasing speed and consistency to market.
Ex-Aviva director takes over Bravo MD role
Bravo Networks has named Karen Jackman as managing director with effect from 1 September 2025, suceeding Phil Bayles who tool on the role on an interim basis in March.
AI insurance broker launches backed by Aviva
Meshed, an artificial intelligence insurance broker, has launched following a pre-seed funding round of £950,000, backed by Aviva via Founders Factory and venture capital funds Haatch, along with angels.
NFP deal to turbocharge Bspoke’s growth – Smyth
Tim Smyth, Bspoke CEO, predicts accelerated growth for the collection of managing general agents following the NFP deal last week, as he explains there will not be a dependency and the broker will not be at the front of the queue.
Insurtech incubator secures Lloyd’s broker status
Insurtech Gateway, specialist insurtech incubator supporting managing general agents and SaaS founders, has secured Lloyd’s broker status.
