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Alliant Holdings postpones $290 million notes offering due to market conditions
By Paul A. Harris
St. Louis, Aug. 7 - Alliant Holdings I, Inc. has postponed its $290 million offering of 7.5-year senior notes (Caa1/CCC) due to market conditions, according to a market source.
Proceeds from the deal, which was being led by JP Morgan and UBS Investment Bank, were to have been used to help fund the acquisition of company by the Blackstone Group.
Specialty broker Alliant Insurance Services, Inc., is headquartered in San Antonio, Tex.
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