Ryan Secures $300 Million Credit Facility

8/16/15

Ryan, a leading global tax services firm, has successfully refinanced its long-term debt and secured a $300 million syndicated credit facility. Led by Goldman Sachs and Bank of America, this new facility includes 15 institutional lenders and four large banks, demonstrating the fiscal strength and confidence that Ryan has earned within the financial community. The additional capital will support Ryan's strategic plan of organic growth and key acquisitions to meet the increasing global client demand for the Firm's tax recovery and advisory services.

"Our decision to refinance was driven by our strong financial performance and the opportunity to take advantage of the robust debt market conditions," said G. Brint Ryan, Chairman and CEO of Ryan. "This facility represents a significant milestone in our Firm's growth strategy to becoming a one billion dollar global brand and supports our ability to provide higher levels of world-class client service and superior results for our expanding portfolio of Global 5000 clients."

In just 24 years, Ryan has become the largest firm dedicated to corporate tax services, capturing substantial market share from competitive firms that have been operating for more than 150 years. Ryan is the seventh largest corporate tax services firm in the United States, with the largest indirect and property tax practices inNorth America, serving over 12,000 clients in more than 40 countries. This five-year facility will provide Ryan with the necessary working capital through 2020 to drive the continued growth and expansion that the Firm has consistently demonstrated.

"In this, our first foray into the institutional loan market, we are pleased with the strong demonstration of support from the banking and institutional loan community with regard to the strength of our business and strategic outlook," said Mr. Ryan. "Our proven history of increasing annual revenue and profitability during high-velocity growth played a key role in securing a credit facility of this size."

As part of the $300 million transaction, the Firm raised $250 million Term B debt from institutional and bank lenders, plus a $50 million revolving facility, replacing the company's current syndicated debt facility.

About Ryan

Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found atryan.com.

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