Hyperion to launch $1.33 billion equivalent credit facilities Tuesday

By Sara Rosenberg

New York, Dec. 4 – Hyperion Insurance Group Ltd. will hold a lender call at 10 a.m. ET on Tuesday to launch roughly $1.33 billion equivalent of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., Barclays, J.P. Morgan Securities plc, RBC Capital Markets, HSBC Securities (USA) Inc., Lloyds Securities Inc., RBS and ING Capital LLC are the leads on the deal.

The facilities consist of a £125 million revolver, a $925 million term loan B and a €200 million term loan B, the source said.

Proceeds will be used to refinance existing debt, to fund near-term acquisitions, for general corporate purposes and to pay related fees and expenses.

Hyperion is a London-based insurance intermediary group.

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