Alliant sets Wednesday investor call for $475 million notes offering

By Paul A. Harris

Portland, Ore., Dec. 3 - Alliant will take part in an investor call on Wednesday to discuss its $475 million offering of eight-year senior notes (expected ratings Caa2/CCC), according to a market source.

The deal is set to price late this week.

J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, RBC Capital Markets, UBS Investment Bank and Macquarie Capital (USA) Inc. are the joint bookrunners.

Mizuho Securities USA Inc. and KKR Capital Markets are the co-managers.

The Rule 144A and Regulation S for life notes come with three years of call protection.

Proceeds will be used to fund the acquisition of the specialty insurance broker by KKR.

The issuing entities are A-S Co-Issuer Subsidiary Inc. and A-S Merger Sub LLC, which are to be merged with and into Alliant Holdings I LLC.

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