Howden Group sets Thursday lender call for incremental term loans

By Paul A. Harris

Portland, Ore., Sept. 8 – Howden Group Holdings Ltd. plans to host a lender call at 11 a.m. ET on Thursday for a $415 million term loan B and a €350 million term loan B, according to a market source.

Morgan Stanley is the lead arranger.

The London-based reinsurance broker plans to use the proceeds to acquire Align Financial Holdings, pay down revolver debt and add cash to the locked account.

Howden Group was formerly known as Hyperion Insurance Group Ltd., HIG 2 Finance Ltd. and Hyperion Refinance S.a.r.l.

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