New York, NY – Stonybrook Capital is pleased to announce the completion of a Senior Secured Credit Facility for DryStone Capital Corporation. The facility allows DryStone to further expand profitable specialty P&C programs with quality MGAs.
DryStone Capital Corporation is a specialized (re)insurance platform that insures specialty MGAs and applies its proprietary model to reduce losses in the Commercial P&C Market.
Completed on August 17, 2023, the senior secured revolving line of credit was provided by Oak Street Funding, a First Financial Bank company, that provides customized financial solutions for business in various industry sectors and third-party loan servicing for financial institutions.
“Stonybrook was a pleasure to work with in connecting us to quality credit providers and helping us choose the right fit, Oak Street.”, said John Henry, Founder, CEO and Chairman of DryStone.
Please find a more detailed press release of the upcoming transaction by clicking here.
About Stonybrook Capital
Stonybrook Capital is an investment banking and reinsurance broking firm, with headquarters in New York City, and offices in London, that focuses exclusively on the insurance and reinsurance industry.
Securities transactions are executed through Weild & Co., member FINRA | SIPC
Corporate contact:
Kendel Bell
Tel: +1 (646) 927-0438
kendel.bell@stonybrookcapital.com
Regards,
Stonybrook Capital & Risk Management