Root completes $300mn loan facility with BlackRock
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Root completes $300mn loan facility with BlackRock

Blackrock and Root app.jpg

Auto InsurTech Root has completed a $300mn five-year loan facility with BlackRock bearing an interest rate of SOFR benchmark +9%.

With the new loan facility, the Columbus, Ohio-based InsurTech is extending its debt maturity and plans to boost its liquidity position.


Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article