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Published on 10/4/2021 in the Prospect News High Yield Daily.

BroadStreet to launch $325 million unsecured debt later this week

By Paul A. Harris

Portland, Ore., Oct. 4 – BroadStreet is expected to launch a $325 million unsecured debt offering later this week, according to a market source.

The Columbus, Ohio-based insurance brokerage was set to launch a $332.5 million incremental term loan via arranger RBC on a Monday lender call.

Proceeds will be used to fund a new core agency partnership.


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