HG Global closed a 10-year, $150 million term loan credit facility with Hudson Structured Capital Management and Security Benefit Life Insurance Company.
HG expects to receive the proceeds of the loan on or prior to May 31. It will use a portion of the proceeds of the loan to pay a $120 million dividend to White Mountains Insurance Group and the other equity holders of HG. The facility received an investment grade rating of BBB from Kroll Bond Rating Agency.
