Hyperion Insurance to launch $250 million term loan B on Monday

By Sara Rosenberg

New York, Se3pt. 12 - Hyperion Insurance Group Ltd. is set to hold a bank meeting at 10 a.m. ET in New York on Monday to launch a $250 million senior secured term loan B due 2019, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance existing debt and fund pipeline acquisitions.

Corporate ratings are expected at B2/B, the source added.

Hyperion is a London-based insurance intermediary business.

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