Alliant Holdings launches $2.37 billion term B-6 at SOFR plus 350 bps

By Sara Rosenberg

New York, Dec. 4 – Alliant Holdings Intermediate LLC was scheduled to hold a lender call at 3:30 p.m. ET on Monday to launch a $2,369,624,281 seven-year senior secured covenant-lite first-lien term loan B-6 that is talked at SOFR plus 350 basis points with a 0.5% floor and an original issue discount of 99.75, according to a market source.

The term loan B-6 has 101 soft call protection for six months, 0 bps CSA and amortization of 1% per annum, the source said.

Morgan Stanley Senior Funding Inc. is the left bookrunner on the deal and the administrative agent.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used with $750 million of senior secured notes to refinance/amend and extend an existing term loan B-4 due 2027 and an existing term loan B-5 due 2027.

Alliant is a Newport Beach, Calif.-based specialty insurance brokerage firm.

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