Forward for Specialty Finance
Deal Summary
Root
$200,000,000
Term Loan Facility
BlackRock Capital Investment Advisors
Deal Notes:
Six-year term loan, reduced from $300 million to $200 million, with interest rate set at 3-month SOFR + 600 bps with performance-based step-downs.
Recapitalizationnancing reduces Root’s interest expense by approximately 50% on a run-rate basis, maintaining $150 million in available capital consistent with prior facility.
