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RBC Capital Markets Arranges $250MM in Credit Facilities for Nassau Financial Group

February 23, 2024, 07:55 AM
Filed Under: Insurance

Nassau Financial Group closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets. This new agreement includes a refinancing and upsizing of an existing revolving credit facility arranged by RBC Capital Markets in 2022 and a new term loan credit facility.

Both facilities will provide Nassau with additional financial flexibility to execute on growth plans across its insurance and asset management businesses.

Sidley Austin LLP served as legal advisor to Nassau, and Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to RBC Capital Markets on this transaction.

Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with three closely connected businesses: insurance, reinsurance, and asset management. Nassau was founded in 2015 and has grown to $23.3 billion in assets under management and $1.5 billion in total adjusted capital.

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