Alliant Holdings to launch $1.60 billion term loan on Friday

By Sara Rosenberg

New York, Jan. 12 – Alliant Holdings Intermediate LLC is set to hold a lender call at 11:30 a.m. ET on Friday to launch a $1,598,500,000 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 roll the $278.6 million term loan B-2 priced at Libor plus 400 basis points with a 1% Libor floor into the $1,319,900,000 term loan B priced at Libor plus 350 bps with a 1% Libor floor, and reprice the debt.

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

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