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Published on 1/29/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Acrisure to redeem 8 1/8% notes due 2024 via new notes, term loans

By Taylor Fox

New York, Jan. 29 – Acrisure LLC and Acrisure Finance, Inc. plan to redeem all of their outstanding 8 1/8% senior secured notes due 2024, according to a news release.

The notes will be redeemed using proceeds from a $700 million offering of senior secured notes due 2029 and a portion of the proceeds from additional term loans totaling $700 million.

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


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