Moody’s rates Acrisure loan B2

Moody’s Investors Service said it assigned a B2 rating to Acrisure LLC’s planned $500 million first-lien term loan due 2027. Acrisure also plans to sell $500 million of other unsecured debt.

The agency concurrently affirmed Acrisure’s B3 corporate family rating and B3-PD probability of default rating following the company's announcement of borrowings to help fund acquisitions and to repay revolver borrowings. Moody’s also affirmed the B2 ratings on Acrisure's senior secured credit facility and notes and the Caa2 rating on its senior unsecured notes

The outlook is stable.

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