Alliant Insurance sets Wednesday launch for new credit facility

By Sara Rosenberg

New York, June 22 - Alliant Insurance Services Inc. has scheduled a bank meeting for Wednesday to launch its new credit facility, according to a market source.

JPMorgan and UBS are the joint lead arrangers and joint bookrunners on the deal that is expected to include a revolver and a term loan B.

Details on the credit facility are expected to surface early on in the week of June 25.

Proceeds will be used to fund the acquisition of the company by The Blackstone Group and management and employees from Lindsay Goldberg.

Alliant is an insurance brokerage firm.

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