Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Acrisure, LLC > News item |
Acrisure begins $300 million seven-year notes offer with Tuesday investor call; pricing Thursday
By Paul A. Harris
Portland, Ore., July 16 – Acrisure, LLC was scheduled to kick off a $300 million offering of seven-year senior notes (existing ratings Caa2/CCC+) on a Tuesday conference call with investors, according to a market source.
The Rule 144A and Regulation S for life deal is expected to price on Thursday.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.
The notes come with three years of call protection.
The co-issuer is Acrisure Finance, Inc.
The Caledonia, Mich.-based insurance brokerage plans to use the proceeds to fund acquisitions and for general corporate purposes.
© 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.