AmWINS acquisition, refinancing transactions to include $890 million new unsecured debt

By Paul A. Harris and Sara Rosenberg

Portland, Ore., July 6 – AmWINS Group Inc. is in the market with debt repayment and acquisition funding transactions that will include $890 million of unsecured debt, according to a market source.

The transactions also include a $500 million add-on term loan via bookrunners Goldman Sachs Bank USA, Barclays, Wells Fargo Securities LLC, Morgan Stanley Senior Funding Inc. and JPMorgan Chase Bank, set to launch on a Wednesday lender call.

Proceeds will be used to repay senior notes, to make restricted payments of up to $750 million and for general corporate purposes, including one or more acquisitions. The company plans to determine the amount of restricted payments based on available acquisition opportunities.

AmWINS is a Charlotte, N.C.-based specialty insurance broker.

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