Ryan Specialty Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

6 Months Ended

Jun. 30, 2021

The following table is a summary of the Company’s outstanding debt:


	June 30, 2021			December 31, 2020
Term debt
7-year term loan facility, periodic interest and quarterly principal payments, LIBOR + 3% as of June 30, 2021, LIBOR + 3.25% as of December 31, 2020, expires September 1, 2027	$	1,582,761		$	1,578,930
Revolving debt
5-year revolving loan facility, periodic interest payments, LIBOR + up to 3.25%, plus commitment fees up to 0.50%, expires September 1, 2025		162			15
Premium financing notes
Commercial notes, periodic interest and principal payments, 2.50%, expired June 1, 2021		—			1,951
Commercial notes, periodic interest and principal payments, 1.66%, expires June 1, 2022		4,530			—
Finance lease obligation		149			225
Unsecured promissory notes		1,112			363
Units subject to mandatory redemption		4,060			3,866

Total debt	$	1,592,774		$	1,585,350

Less current portion		(22,547	)		(19,158	)

Long term debt	$	1,570,227		$	1,566,192

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details