AssuredPartners tightens $2.12 billion term loan B OID to 99.75

By Sara Rosenberg

New York, Feb. 10 – AssuredPartners Inc. revised the original issue discount on its $2.122 billion seven-year term loan B (B2/B) to 99.75 from 99.5, according to a market source.

Pricing on the term loan is Libor plus 350 basis points.

BofA Securities Inc. is the lead bank on the deal.

Proceeds will be used to refinance existing debt and fund acquisitions.

AssuredPartners is a Lake Mary, Fla.-based provider of property and casualty and employee benefits insurance brokerage services.

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