Acrisure begins $300 million seven-year notes offer with Tuesday investor call; pricing Thursday

By Paul A. Harris

Portland, Ore., July 16 – Acrisure, LLC was scheduled to kick off a $300 million offering of seven-year senior notes (existing ratings Caa2/CCC+) on a Tuesday conference call with investors, according to a market source.

The Rule 144A and Regulation S for life deal is expected to price on Thursday.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

The notes come with three years of call protection.

The co-issuer is Acrisure Finance, Inc.

The Caledonia, Mich.-based insurance brokerage plans to use the proceeds to fund acquisitions and for general corporate purposes.

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