Alliant to launch $505 million incremental term loan B on Wednesday

By Sara Rosenberg

New York, April 30 – Alliant Holdings Intermediate LLC is set to hold a lender call at 11 a.m. ET on Wednesday to launch a $505 million incremental senior secured term loan B, according to a market source.

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

Proceeds will be used to fund a distribution, repay outstanding revolving credit facility borrowings, fund general corporate purposes and pay related fees and expenses.

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

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