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Hyperion to launch loan repricing, €100 million incremental on Tuesday
By Sara Rosenberg
New York, May 8 – Hyperion Insurance Group Ltd. will hold a lender call at 10 a.m. ET on Tuesday to launch a repricing of its existing $854,390,863 senior secured first-lien term loan B and a new €100 million incremental senior secured first-lien term loan B, according to a market source.
Morgan Stanley Senior Funding Inc. is the lead bank on the deal.
Proceeds from the incremental term loan will be used to pay down outstanding revolver borrowings, to fund near-term acquisitions and for general corporate purposes.
Hyperion is a London-based insurance intermediary group.
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