{"id":192767,"date":"2026-02-06T08:00:34","date_gmt":"2026-02-06T08:00:34","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=192767"},"modified":"2026-02-06T07:15:56","modified_gmt":"2026-02-06T07:15:56","slug":"howden-raises-703m-from-bond-issuance-to-fund-further-growth","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/howden-raises-703m-from-bond-issuance-to-fund-further-growth\/","title":{"rendered":"Howden raises $703m from bond issuance to fund further growth"},"content":{"rendered":"

Howden Group, a global insurance and reinsurance intermediary, has completed the issuance of a $690 million add-on to existing $500 million 8.125% Senior Notes due 2032, in a private offering.<\/p>\n

\"\"The offering was conducted under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the U.S. Securities Act).<\/p>\n

The additional notes were issued at 101.875% for gross proceeds of approximately $703 million.<\/p>\n

These proceeds will be used to further strengthen the company’s funding for future growth investments, according to the announcement.<\/p>\n

The additional notes are anticipated to be listed on the Official List of The International Stock Exchange.<\/p>

\"Artemis<\/a><\/div><\/div>\n

Mark Craig, Group Chief Investment Officer, Howden, commented: \u201cI\u2019m delighted with the outcome and strong support from the capital markets. This successful transaction follows our high yield bond issue in February 2024.<\/p>\n

\u201cWe received strong demand and priced the offering above par, benefitting from continued confidence among credit investors in Howden\u2019s sustained performance and growth plans.\u201d<\/p>\n

Howden also recently successfully repriced and upsized its debt facilities,<\/a> totalling approximately US$3 billion, a move that aims to support global expansion.<\/p>\n

This significantly lowers the group\u2019s borrowing costs, with interest margins in its USD and EUR term loans cut by 75 and 25 basis points, respectively.<\/p>\n

The \u20ac1 billion EUR Term Loan B facility was also refinanced, with the margin reduced by 25 basis points to 325 basis points over EURIBOR.<\/p>\n

In parallel, the facility was expanded by \u20ac160m to \u20ac1.16bn, reflecting investor demand. The increase provides additional liquidity to support future growth plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

Howden Group, a global insurance and reinsurance intermediary, has completed the issuance of a $690 million add-on to existing $500 million 8.125% Senior Notes due 2032, in a private offering. The offering was conducted under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the U.S. Securities Act). The additional notes […]<\/p>\n","protected":false},"author":16,"featured_media":134490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[3390,445],"class_list":["post-192767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bonds","tag-howden"],"acf":[],"yoast_head":"\nHowden 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