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Ryan Closes $100 Million Syndicated Credit Facility; Will Support Continued Growth and International Expansion

Texas Business reports:  DALLAS—Ryan, a leading global tax services firm with the largest indirect tax practice in North America, secured a $100 million (expandable to $135 million) syndicated credit facility led by Bank of America, N.A., including Comerica Bank; Citibank, N.A.; and Fifth Third Bank.

This new credit facility will provide additional capital to support the Firm's growth and international expansion, as well as fund unique market opportunities to strategically strengthen the Firm's leading market share position.

In just 20 years, Ryan has become the seventh largest tax services firm in the United States, with a premier client portfolio of more than 6,500 global corporations in 40 countries.

 In the 2011 Accounting Today Top 100 Tax and Accounting Firms ranking, Ryan was the best performing corporate tax services firm based on year-over-year revenue growth.

“This credit facility demonstrates the fiscal strength of our firm and the confidence Ryan has earned within the financial community,” Ryan president Tony G. Mills said in a prepared statement. “This will enable us to successfully execute our strategic growth plan and pursue significant acquisitions for continued domestic and international expansion.”

“Our demonstrated history of increasing annual revenue and profitability during high-velocity growth played a key role in securing a credit facility of this size,” said Ryan chief executive G. Brint Ryan in a statement. “This will support our ability to provide superior results and world-class client service to an expansive base of premier Global 5000 companies.”

Ryan is a tax services firm, with the largest indirect tax practice in North America and the seventh largest corporate tax practice in the United States. Headquartered in Dallas, Texas, the firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning.