Investment banking and reinsurance brokerage Stonybrook Capital has announced its involvement as exclusive advisor to homeowners insurer Florida Peninsula on a senior debt facility of up to $30 million.
The transaction is believed to have enabled Florida Peninsula to refinance its existing debt and bolster regulatory capital.
“The debt market is an important focus of our Firm and it is rewarding to see our expertise in the sector add value for a prestigious company such as Florida Peninsula,” said Thomas Deane, Managing Director of Stonybrook Capital.
“This transaction further demonstrates our ability to optimize capital solutions for all constituents across the property catastrophe insurance space.”
Gary Cantor, Managing Director of Florida Peninsula added, “I am pleased to have worked with Stonybrook on this transaction. Their expertise aided us in finding a quality partner and a desirable structure at very competitive rates.”