Jones DesLauriers to pay down some term loan debt with notes, equity

By Sara Rosenberg

New York, March 1 – Jones DesLauriers Insurance Management Inc. plans to repay a portion of its term loan borrowings with proceeds from a $500 million senior secured notes offering and an equity contribution, according to a market source.

Remaining proceeds from the notes and equity contribution will be used to fund acquisitions, for general corporate purposes, and to pay fees and expenses relating to the offering of the notes and the other transactions.

Jones DesLauriers is a professional services firm and strategic partner for corporate insurance, risk management and employee benefits in Canada.

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