Alliant Holdings shops $475 million add-on term loan B-3 at 99.75-par

By Sara Rosenberg

New York, Oct. 15 – Alliant Holdings is talking its $475 million add-on term loan B-3 with an original issue discount of 99.75 to par, 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.

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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