AssuredPartners sets roadshow for $450 million eight-year notes

By Paul A. Harris

Portland, Ore., July 24 – AssuredPartners, Inc. plans to start a roadshow on Tuesday in New York for a $450 million offering of eight-year senior notes, according to a syndicate source.

A New York investor lunch and conference call are scheduled to get underway at noon ET on Tuesday.

The roadshow moves to Boston on Wednesday.

The Rule 144A and Regulation S for life notes offer is expected to price late in the July 24 week.

Morgan Stanley & Co. LLC, BofA Merrill Lynch, Barclays, RBC Capital Markets LLC, BMO Securities and Macquarie Capital (USA) Inc. are the joint bookrunners.

The notes become callable after three years at par plus 50% of the coupon.

The Lake Mary, Fla.-based insurance brokerage services provider plans to use the proceeds to refinance its second lien term loan.

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