R&Q secures lenders’ approval for $465mn Accredited sale
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R&Q secures lenders’ approval for $465mn Accredited sale

Available net cash proceeds on closing are now down ~$100mn to $65mn-$110mn

By Abbie Day
April 24, 2024
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R&Q Insurance Holdings handshake map.jpg

R&Q Insurance Holdings has entered into a restructuring agreement with lenders that removes one of the key obstacles to the closing of the sale of its program business Accredited to PE firm Onex.

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