The Liberty Company Insurance Brokers (Liberty) has announced two major developments as part of its expansion plans. The company has closed a $525 million credit facility led by J.P. Morgan to fuel strategic expansion, while also welcoming High Ground Insurance Services of Torrance, California, to its national platform.
On Thursday, Liberty finalized its debut $525 million first lien credit facility, comprising a seven-year $425 million Term Loan B and a five-year $100 million Revolving Credit Facility. J.P. Morgan served as lead-left arranger and bookrunner for the transaction. The company noted that the financing builds on the company’s February 2025 upsizing of its syndicated credit facility.
Proceeds from the deal will be used to refinance existing debt, provide employee liquidity, and invest in Liberty’s technology and infrastructure while supporting its expanding pipeline of partnerships and producer hires.
“This transaction represents a meaningful step forward in Liberty’s long-term strategic plan and will allow us to continue to invest in and grow the Liberty platform while also providing ongoing liquidity opportunities for our employees,” said Bill Johnson, Liberty’s founder, chairman, and CEO. “We remain focused on creating the best culture, the best work experience, and the best work environment in the industry.”
Chief financial officer Bernadetta Scholz added, “This facility enhances our financial flexibility and positions us to execute against our growth priorities. We are proud to partner with J.P. Morgan on this important milestone, which further empowers us to deliver on our commitment to colleagues, clients, and stakeholders across the board.”
The deal priced in line with talk at S+375 / 0.00% / 99.50, signaling strong market confidence in Liberty’s operational maturity and growth prospects.
In a separate announcement, Liberty reported its partnership with High Ground Insurance Services, a regional brokerage and risk management firm based in Torrance, California. Founded in 2007, High Ground offers specialized expertise in workers’ compensation claims management, employee benefits administration, and loss sensitive insurance program design.
“As the insurance industry continues to evolve, we recognized the importance of aligning with a partner who could enhance our capabilities through specialized expertise, innovative technologies, and expanded coverage solutions for our clients,” said Greg Martin, president and CEO of High Ground. “After engaging with several organizations, we found in Liberty a partner whose values mirror our own.”
Liberty noted that High Ground will maintain its local relationships while leveraging Liberty’s national resources in business development, human capital management, compliance, and advanced risk services.
What are your thoughts on the recent updates? Share your insights in the comments below.
