Weil Advises Howden Group on Repricing and Upsize of c$3 Billion USD and EUR Term Loan B Facilities Maturing in 2030 and 2031

Weil advised its longstanding client Howden Group on the repricing and upsize of its c$3 billion equivalent USD and EUR Term Loan B facilities maturing in 2030 and 2031. The transaction was effected by an amendment to Howden’s existing New York-law credit agreement and involved the successful repricing and increase in size of the Term Loan B facilities. Through this amendment Howden secured one of the tightest pricing levels observed in the leveraged loan market for insurance brokers in its ratings category. The transaction follows Weil’s advice to Howden on a significant number of acquisitions and financings in recent years. Howden is the largest (re)insurance intermediary by revenue outside North America and a leading broker in the UK by geographic footprint and product portfolio. The group operates in 56 countries across Europe, Africa, Asia, the Middle East, Latin America, the U.S., Australia and New Zealand, employs around 23,000 people and handles approximately $50 billion of premium on behalf of clients. Weil represented client Howden Group with a team composed by: finance partners Andrew Yoon (New York) and Andy Hagan (London); finance associates Lorenzo Colombi-Manzi (London), Erik Zimmerman (New York), Atty Abhyankar (London) and Ian Murdoch (New York). Corporate advice was provided by partner Jonathan Wood, counsel Ellie Fialho and associates Arisa Manawapat and Xavier Khan (all London).

Weil Advises Howden Group on Repricing and Upsize of c$3 Billion USD and EUR Term Loan B Facilities Maturing in 2030 and 2031

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