HUB International debt sale to include $2.68 billion secured notes via Morgan Stanley

By Paul A. Harris

Portland, Ore., June 5 – HUB International Ltd. announced a debt capital markets deal on Monday that includes $2.675 billion of secured notes, according to market sources.

Morgan Stanley will lead the notes offering.

The deal also includes a $4.25 billion term loan scheduled to launch on a Monday morning lender call.

The loan is in the market via arrangers Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Barclays, J.P. Morgan Securities LLC, BofA Securities Inc., BMO Capital Markets Corp., Nomura Securities International Inc., Macquarie Capital (USA) Inc., Credit Suisse Securities (USA) LLC and ATB.

Proceeds will be used to refinance term loans due 2025 and finance current and future acquisitions under the letter of intent.

HUB International is a privately held insurance brokerage and financial services provider based in Chicago.

Its sponsor is Hellman & Friedman.

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