Alliant Holdings discloses talk on revolver, term loan repricing

By Sara Rosenberg

New York, Nov. 19 - Alliant Holdings I LLC came out with price talk on the repricing of its $799,712,500 senior secured credit facility in connection with its call on Tuesday, according to a market source.

The $100 million revolver due Dec. 20, 2017 is talked at Libor plus 300 basis points to 325 bps, and the $699,712,500 term loan B due Dec. 20, 2019 is talked at Libor plus 325 bps to 350 bps with a 1% Libor floor and a par offer price, the source said.

The repriced term loan B has 101 soft call protection for six months.

With the repricing, term loan B pricing will be coming down from Libor plus 375 bps with a 1.25% Libor floor.

Morgan Stanley Funding Inc. and KKR Capital Markets LLC are the joint lead arrangers on the deal and Morgan Stanley, J.P. Morgan Securities LLC and Macquarie Capital (USA) Inc. are the bookrunners.

Commitments are due on Monday and closing is targeted for Dec. 20, the source added.

Alliant is a Newport Beach, Calif.-based specialty insurance brokerage firm.

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