Lockton Secures $600 Million Term Loan and $1.6 Billion Revolving Credit Line
Lockton, the world's largest privately held independent insurance brokerage, has secured a $600 million term loan and a $1.6 billion revolving credit line. The term loan will be used to retire existing corporate debt and for recapitalization and general corporate purposes. The credit facilities are arranged by major financial institutions and reflect the company's strong credit profile.
Topics: capital structure corporate finance debt financing revolving credit term loan