Jones DesLauriers to launch $350 million term loan B on Monday

By Sara Rosenberg

New York, July 21 – Jones DesLauriers Insurance Management Inc. (Navacord) is scheduled to hold a lender call at 10:30 a.m. ET on Monday to launch a $350 million first-lien term loan B due March 16, 2030, according to a market source.

BofA Securities Inc. is the left lead arranger on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on July 28.

Proceeds will be used to refinance the company’s existing first-lien Canadian term loan due March 2028 and for general corporate purposes, including near-term acquisition opportunities.

Jones DesLauriers is a Mississauga, Ont., commercial insurance broker.

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