HUB International to launch $350 million add-on term B on Wednesday

By Sara Rosenberg

New York, Sept. 12 – HUB International Ltd. is set to hold a lender call at 11:30 a.m. ET on Wednesday to launch a fungible $350 million add-on term loan B due Oct. 2, 2020, according to a market source.

Nomura and Macquarie Capital (USA) Inc. are the arrangers on the deal.

Proceeds will be used to repay revolving credit facility borrowings and to fund cash to the balance sheet.

HUB is a Chicago-based insurance brokerage.

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