Alliant starts roadshow for $535 million eight-year senior notes

By Paul A. Harris

Portland, Ore., July 27 – Alliant Holdings Co-Issuer, Inc., which is to be merged with and into Alliant Holdings I, LP, started a roadshow on Monday in New York for a $535 million offering of eight-year senior notes (Caa2/CCC+), according to a syndicate source.

The roadshow continues on Tuesday in Boston, then moves to the West Coast of the United States on Wednesday.

The Rule 144A and Regulation S for life offer is set to price thereafter.

UBS Investment Bank is the lead left physical bookrunner. Morgan Stanley & Co. LLC is the joint physical bookrunner.

Jefferies LLC, KKR Capital Markets, Macquarie, MCS Capital Markets and Nomura are joint bookrunners.

The notes come with three years of call protection.

The issuing vehicle is Wayne Merger Sub, LLC.

Proceeds will be used to help fund the purchase of a significant equity interest in the Newport Beach, Calif.-based specialty insurance brokerage firm by Stone Point Capital LLC, as well as to refinance and redeem debt.

© 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.