Howden raises £875mn of new debt and equity in partial re-fi
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Howden raises £875mn of new debt and equity in partial re-fi

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Expansive broker Howden has raised £875mn ($1bn) of new debt and equity as it draws in more capital to finance growth plans.

The valuation placed on the business through the small equity injection was not disclosed in the announcement, but sources suggested it was raised at more than 16x adjusted Ebitda.

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