Root completes $300mn loan facility with BlackRock
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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.

Along

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