Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Acrisure, LLC > News item |
Acrisure acquisition financing to include $500 million unsecured debt
By Paul A. Harris and Sara Rosenberg
Portland, Ore., July 19 – Acrisure LLC plans to offer $500 million of unsecured debt as part of an effort to finance acquisitions, according to a market source.
The financing also includes a $500 million incremental term loan via JPMorgan that is set to launch on Tuesday, the source said. Commitments for the loan are due July 27.
Proceeds will be used to fund acquisitions under signed letters of intent and to fund future acquisitions.
Acrisure is a Caledonia, Mich.-based insurance brokerage.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.