Hyperion Insurance to launch $100 million term loan B on Tuesday

By Sara Rosenberg

New York, Nov. 14 – Hyperion Insurance Group is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $100 million incremental senior secured first-lien term loan B, according to a market source.

Morgan Stanley Senior Funding Inc., RBC Capital Markets and Lloyds Bank are the lead banks on the deal.

Proceeds from the loan will be used to pay down the outstanding balance on the company’s revolving credit facility, prefund deferred consideration payments and pay related fees and expenses.

Hyperion is a London-based insurance intermediary group.

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