Weil advised its longstanding corporate and finance client Howden in connection with the repricing of its US$3.1 billion Term Loan B maturing in 2031 by way of an amendment to Howden’s existing NY-law credit agreement.

This transaction, by virtue of which Howden achieved one of the tightest pricing levels seen in the leveraged loan market by insurance brokers in this ratings category, follows on Weil’s advice to Howden on an impressive number of successful acquisitions and financings over the past years.

Howden is a leading global insurance intermediary group operating in 56 countries across Europe, Africa, Asia, the Middle East, Latin America, the U.S., Australia and New Zealand, employing 22,000 people and handling $47 billion of premium on behalf of clients.

The Weil Finance team was led by partners Andrew Yoon (New York) and Andy Hagan (London) and included associates Lorenzo Colombi-Manzi (London), Erik Zimmerman (New York) 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).