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Alliant Holdings launches $475 million add-on term loan B-3
By Sara Rosenberg
New York, Oct. 14 – Alliant Holdings held a lender call at 11 a.m. ET on Thursday to launch a $475 million add-on 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, Morgan Stanley Senior Funding Inc., Stone Point, BofA Securities Inc., Capital One, Goldman Sachs Bank USA, KKR Capital Markets, RBC Capital Markets, Truist, Fifth Third and Macquarie Capital (USA) Inc. are the leads on the deal.
Commitments are due at 5 p.m. ET on Oct. 20, the source added.
Proceeds will be used to help fund acquisitions, an equity repurchase and general corporate purposes.
Alliant is a Newport Beach, Calif.-based specialty insurance brokerage firm.
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