Alliant Holdings to launch $1.6 billion term loan on Tuesday

By Sara Rosenberg

New York, Oct. 31 – Alliant Holdings Intermediate LLC is scheduled to hold a lender call at 10:30 a.m. ET on Tuesday to launch a $1,602,550,000 senior secured term loan, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to combine the company’s existing $279.3 million term loan B-2 into its $1,323,250,000 term loan B and reprice the debt, the source said.

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

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