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Acrisure Announces Pricing of Secured Notes Offering
January 29, 2021 GMT
GRAND RAPIDS, Mich. (BUSINESS WIRE) Jan 29, 2021
Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $700 million aggregate principal amount of 4.250% senior secured notes due 2029 (the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering, together with a portion of the net proceeds from additional term loans in an aggregate principal amount of approximately $700 million, to fund the redemption of all of its outstanding 8.125% senior secured notes due 2024, including the payment of premiums and accrued interest to the redemption date. The Issuers expect to use any remaining net proceeds from the notes offering to fund future acquisitions and to pay related fees and expenses. This press re