Alliant Holdings changes $1.25 billion term loan B-5 OID to 99.5

By Sara Rosenberg

New York, Feb. 9 – Alliant Holdings tightened the original issue discount on its $1.25 billion term loan B-5 due 2027 to 99.5 from 99, according to a market source.

As before, the term loan B-5 is priced at SOFR plus 350 basis points with a 0.5% floor and has 101 soft call protection for six months and no CSA.

The term loan B-5 freed to trade on Thursday, with levels quoted at 99¾ bid, par ¼ offered, the source added.

JPMorgan Chase Bank, Morgan Stanley Senior Funding Inc., SPC Capital Markets, Capital One, Truist, RBC Capital Markets, BofA Securities Inc., Fifth Third, Goldman Sachs Bank USA, KKR Capital Markets, Macquarie Capital (USA) Inc. and R. Seelaus are the arrangers on the deal. Morgan Stanley is the administrative agent.

Proceeds will be used with $1.25 billion of senior secured notes to refinance the company’s term loan B1 due 2025 and term loan B-2 due 2025 and for general corporate purposes.

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

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