08:02 AM EDT, 09/05/2024 (MT Newswires) -- Ryan Specialty Holdings ( RYAN ) said Thursday that its indirect subsidiary Ryan Specialty ( RYAN ) plans to offer up to $500 million worth of senior secured notes due 2032 in a private offering.

Net proceeds from the offering will be used to repay a portion of the borrowings under its revolving credit facility that were used to fund the acquisition of US Assure Insurance Services of Florida and to pay fees and expenses related to the offering, Ryan Specialty Holdings ( RYAN ) said.