Weil advised its longstanding client, Howden Group, in connection with the repricing and upsize of its c$3 billion equivalent USD and EUR Term Loan B facilities maturing in 2030 and 2031 by way of an amendment to Howden’s existing NY-law credit agreement.

This transaction, through 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 a significant number of successful acquisitions and financings over the past years.

Howden is the largest (re)insurance intermediary by revenue outside of North America and a leading broker in the UK based on geographic footprint and the size of product portfolio, operating in 56 countries across Europe, Africa, Asia, the Middle East, Latin America, the U.S., Australia and New Zealand, employing 23,000 people and handling $50 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), Atty Abhyankar (London) 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).