BOSTON, July 23, 2025 – Leading international law firm Proskauer announced today that it advised funds managed by Blue Owl Capital ("Blue Owl") in connection with Blue Owl acting as agent and sole lender under a $548 million second lien term loan facility to Trucordia, a top-20 U.S. insurance brokerage. The transaction is in connection with Carlyle's $1.3 billion strategic investment in Trucordia and is part of Trucordia's completion of a comprehensive debt refinancing that significantly enhances the company's capital structure and positions it for continued growth.
Blue Owl is a leading global alternative asset manager focused on providing private capital solutions to drive long-term growth. The Proskauer team was led by partners Gary Creem and Adam Nelson (Private Credit). It also included partner Patrick Walling and associates Andrew Monthey, Gregory Dewire and Ray Alvarez (Private Credit); partner Steve Peck and associate Joshua Spector (M&A); and partner Martin Hamilton, senior counsel Martine Seiden Agatston, special tax counsel Amy Zelcer and associate Maggie Livingstone (Tax).