Simpson Thacher Represents Initial Purchasers in Connection With $690 Million Senior Notes Offering by Alliant Insurance
10.14.19
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Simpson Thacher represented Morgan Stanley & Co. LLC and the other initial purchasers in connection with an offering by subsidiaries of Alliant Holdings, L.P. (“Alliant Insurance”) of $690 million aggregate principal amount of 6.75% senior notes due 2027 pursuant to Rule 144A and Regulation S. The issuers intend to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 8.25% senior notes due 2023.
Alliant Insurance is a specialty-oriented, middle-market insurance brokerage organization providing property and casualty and employee benefits products and services on a national scale.
The Simpson Thacher team for these transactions included Mark Brod, Eva Kang, Crystal Oparaeke and Deul Lim (Capital Markets); Justin Lungstrum, Arman Naraghi-Pour and Sam Wintergreen-Arthur (Banking and Credit); Steve DeLott (Insurance Regulatory); Jonathan Cantor and Abigail Hopper (Tax); Eric Wolf (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Andrew Pagliughi (Blue Sky).