BroadStreet to repay term loan B-1, second-lien with notes proceeds

By Sara Rosenberg

New York, April 12 – BroadStreet Partners Inc. plans to repay its term loan B-1 and second-lien term loan using proceeds from a $325 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes and to pay related fees and expenses.

BroadStreet is a Columbus, Ohio-based insurance broker.

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