HUB expected to launch $2.68 billion secured notes on Wednesday

By Paul A. Harris

Portland, Ore., June 5 – HUB International Ltd. is expected to launch $2.675 billion of secured notes on Wednesday, according to a bond trader.

Morgan Stanley & Co. LLC will lead the notes offering.

The deal also includes a $4.25 billion term loan that was scheduled to launch on a Monday lender call.

The loan is in the market via arrangers Goldman Sachs, Morgan Stanley, Barclays, JPMorgan, BofA, BMO, Nomura, Macquarie, Credit Suisse and ATB.

Proceeds will be used to refinance term loans due 2025 and finance current and future acquisitions under the letter of intent.

HUB International is a privately held insurance brokerage and financial services provider based in Chicago.

Its sponsor is Hellman & Friedman.

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