Acrisure tightens talk on $500 million five-year notes to 8¼% area; pricing Friday

By Paul A. Harris

Portland, Ore., Jan. 18 – Acrisure LLC and Acrisure Finance Inc. set final talk for their $500 million offering of five-year senior secured notes (B3/B) in the 8¼% area, according to a bond trader.

With the deal heard to be playing to a $2 billion order book, final talk comes inside of early guidance in the mid 8% area, the source added.

Pricing is set for Friday.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are joint bookrunners for the Rule 144A and Regulation S for life offering.

The Grand Rapids, Mich.-based insurance brokerage plans to use the proceeds to fund bolt-on acquisitions and for general corporate purposes.

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