PE-backed K2 Insurance refinances private credit debt with $500m leveraged loan
Private Equity Wire
OCTOBER 4, 2024
K2 Insurance Services has joined the growing list of companies looking to reduce borrowing costs by swapping private credit debt for leveraged loans by initiating $500m refinancing deal, according to a report by Bloomberg. percentage points above the Secured Overnight Financing Rate (SOFR), offered at 99.5 cents on the dollar.
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