Acrisure acquisition financing to include $500 million unsecured debt

By Paul A. Harris and Sara Rosenberg

Portland, Ore., July 19 – Acrisure LLC plans to offer $500 million of unsecured debt as part of an effort to finance acquisitions, according to a market source.

The financing also includes a $500 million incremental term loan via JPMorgan that is set to launch on Tuesday, the source said. Commitments for the loan are due July 27.

Proceeds will be used to fund acquisitions under signed letters of intent and to fund future acquisitions.

Acrisure is a Caledonia, Mich.-based insurance brokerage.

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