Liberty Company Insurance Brokers (Liberty) has upsized its syndicated credit facility by $100m, with JPMorgan Chase leading the deal.
This funding will support Liberty’s continued growth following its $340m credit facility offering in August 2023.
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The fresh infusion will help Liberty ramp up its “strategic” efforts, with a focus on mergers and acquisitions (M&A) and expanding specialised industry services.
Liberty emphasises “targeted” M&A while looking to improve its ability to develop customised offerings across diverse sectors.
The company’s CEO, Bill Johnson, highlighted the importance of its ongoing partnership with JPMorgan Chase.
Johnson stated: “This funding enhances our capability to continue to invest in our infrastructure, new partnerships and most importantly, hiring and developing great people to fuel our growth.”
Liberty CFO Bernadetta Scholz said: “This pivotal funding not only supports our strategic acquisitions but also fortifies our market presence. It reflects our strong financial health and the strategic foresight that Liberty maintains in a dynamic economic landscape.
“We are strategically positioning ourselves to take full advantage of growth opportunities that will enhance our competitive edge and deliver substantial value to our stakeholders.”
With the additional capital, Liberty also expects to provide opportunities that support its employees’ professional growth and development.
The company further said that the funding will help it improve its client engagements.
Established in 1987 by chairman and CEO Johnson, the company is a family owned, independent insurance services company. It is licensed to operate in all 50 US states.
