U.K.-based insurance intermediary Hyperion Insurance Group has announced its intention to upsize its term loan facility to $850 million from $750 million. The company intends to use the proceeds to repay the drawn-down portion of its revolving credit facility and to fund deferred consideration payments linked to its cash-plus-shares acquisition of R.K. Harrison Holdings Ltd (RKH) in 2015. Hyperion has shown strong growth since buying RKH, and our forecast cash flow and leverage ratios for the company remain in line with the current rating. We are therefore affirming our 'B' long-term corporate credit rating on Hyperion Insurance Group. The stable outlook reflects our view that the combined group will achieve annual organic growth of about 2.5% and reduce leverage over
