More than three months after revealing its £165 million swoop for Swinton (Holdings) Limited, The Ardonagh Group has now completed the deal following receipt of regulatory approval.
In a New Year’s Eve announcement, Ardonagh also said it has exchanged its US$235 million 8.625% senior secured temporary notes due 2023 for an equivalent amount of new notes due the same year. The brokerage group said the latter were issued pursuant to its existing senior secured notes indenture dated June 20, 2017.
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