Alliant Holdings launches $800 million add-on term loan B-3

By Sara Rosenberg

New York, April 27 – Alliant Holdings held a lender call at 2:30 p.m. ET on Tuesday to launch a fungible $800 million add-on first-lien term loan B-3, according to a market source.

Pricing on the add-on term loan is Libor plus 375 basis points with a 0.5% Libor floor.

JPMorgan Chase Bank is the lead on the deal.

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

Proceeds will be used to fund the acquisition of Confie, a Huntington Beach, Calif.-based personal lines insurance distributor, from Abry Partners.

Closing is expected this quarter, subject to customary conditions, including regulatory approvals.

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

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