Trucordia Secures $548M Loan from Blue Owl Managed Funds

Deal News | Jul 23, 2025 | Proskauer Rose (UK) LLP

Proskauer Rose, an esteemed international law firm, has advised funds managed by Blue Owl Capital on a $548 million second lien term loan provided to Trucordia, a significant U.S. insurance brokerage. This loan corresponds with Carlyle's $1.3 billion strategic investment in the company and is instrumental in Trucordia's comprehensive debt refinancing strategy aimed at improving its financial structure. Proskauer's involvement exemplifies its expertise, showcasing its Private Credit Group's capabilities. The firm has navigated over 1,600 deals over the past five years, highlighting its prominence in the finance and restructuring domain.

Sectors

  • Legal Services
  • Finance and Investment
  • Insurance

Geography

  • United States – The law firm and the main transaction participants, including Trucordia and Blue Owl Capital, operate in the U.S.
  • United Kingdom – Proskauer Rose (UK) LLP, involved in advising the transaction, is based in the UK.

Industry

  • Legal Services – Proskauer Rose LLP is a law firm involved in advising on the transaction.
  • Finance and Investment – Blue Owl Capital and Carlyle are engaged in providing finance solutions and strategic investments.
  • Insurance – Trucordia operates as an insurance brokerage.

Financials

  • $548 million – The amount of the second lien term loan facility provided to Trucordia.
  • $1.3 billion – The strategic investment made by Carlyle in Trucordia.

Participants

NameRoleTypeDescription
Proskauer Rose LLPLegal AdvisorCompanyInternational law firm advising Blue Owl Capital on the term loan facility.
Blue Owl CapitalLenderCompanyAlternative asset manager providing the second lien term loan to Trucordia.
TrucordiaTarget CompanyCompanyA top-20 U.S. insurance brokerage receiving the term loan.
Carlyle GroupInvestorCompanyGlobal investment firm making a $1.3 billion strategic investment in Trucordia.