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Hyperion to launch $100 million term loan, amendment on Wednesday
By Sara Rosenberg
New York, Nov. 19 – Hyperion Insurance Group Ltd. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $100 million incremental senior secured term loan B, according to a market source.
The company will also launch on the call an amendment to its existing £125 million revolver, $1,181,441,689 term loan B and €245,748,120 term loan B, the source said.
Morgan Stanley Senior Funding Inc. is the left lead arranger on the deal.
Proceeds from the incremental term loan will be used to fund the Locked Account and pay related fees and expenses.
Hyperion is a London-based insurance intermediary group.
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