USI Insurance may draw on revolver for U.S. Risk purchase

By Sara Rosenberg

New York, Feb. 13 – USI Insurance Services will likely use borrowings under an existing revolving credit facility and cash on the balance sheet to fund its acquisition of U.S. Risk Insurance Group, according to an informed source.

Closing is expected in the second quarter, subject to customary conditions and regulatory requirements.

USI is a Valhalla, N.Y.-based insurance brokerage and consulting firm. U.S. Risk is a Dallas-based property and casualty program and specialty brokerage firm.

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