Acrisure to repay second-lien notes with proceeds from new offering

By Sarah Lizee

Olympia, Wash., Oct. 30 – Acrisure LLC plans to repay its second-lien notes using proceeds from an offering of $725 million of senior notes due 2025, according to a press release.

Proceeds will also be used to pay related fees and expenses and to fund acquisitions.

In connection with the offering, the company also intends to reprice and increase the size of its existing first-lien term loan facility and make other modifications.

Acrisure is a Caledonia, Mich.-based insurance brokerage.

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