Feb 05, 2026 (MarketLine via COMTEX) --
Howden Group completed a US$690 million add-on to its US$500 million 8.125% Senior Notes due 2032 in a private offering under Rule 144A and Regulation S.
Howden Group ("Howden" or the "Group"), the global (re)insurance intermediary group, has successfully completed the issuance of a US$690 million add-on to existing US$500 million 8.125% Senior Notes due 2032, in a private offering conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "U.S. Securities Act").
The additional notes were issued at 101.875% for gross proceeds of approximately US$703 million. Proceeds will further bolster funding available to invest in future growth. The additional notes are expected to be listed on the Official List of The International Stock Exchange.
Mark Craig, Group Chief Investment Officer, Howden, commented: "I'm delighted with the outcome and strong support from the capital markets. This successful transaction follows our high yield bond issue in February 2024. We received strong demand and priced the offering above par, benefitting from continued confidence among credit investors in Howden's sustained performance and growth plans."
Howden's ratings of B2 Stable (Moody's) and B Stable (S&P) were reaffirmed in January 2026 as part of this transaction. Howden also benefits from a long-dated maturity profile with no material refinancing requirements until 2030.
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COMTEX_474414504/2227/2026-02-28T17:08:33
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