Insurity gets $105 million incremental first-lien term loan

By Sara Rosenberg

New York, Nov. 12 – Insurity Inc. (Huskies Parent Inc.) closed on a downsized fungible $105 million incremental first-lien term loan due July 2026, according to a market source.

The incremental term loan was downsized from $115 million.

Pricing on the incremental term loan is Libor plus 400 basis points with a 0% Libor floor, in line with existing term loan pricing.

Jefferies LLC acted as the bookrunner on the deal.

Proceeds are being used to fund acquisitions.

Insurity is a Hartford, Conn.-based software platform for the property & casualty insurance industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.