Alliant Insurance postpones credit facility launch until after July 4

By Sara Rosenberg

New York, June 27 - Alliant Insurance Services Inc. has postponed the bank meeting for its proposed credit facility until after July 4 from Wednesday, 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.

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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