Simpson Thacher Represents Initial Purchasers in Connection with $300 Million Senior Notes Offering by Alliant Insurance
05.01.20
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Simpson Thacher represented Morgan Stanley and the other initial purchasers in connection with an offering by subsidiaries of Alliant Holdings, L.P. (“Alliant Insurance”) of $300 million aggregate principal amount of 6.75% Senior Notes due 2027 pursuant to Rule 144A and Regulation S. The additional notes constitute a further issuance of Alliant Insurance’s existing 6.75% Senior Notes due 2027 that were issued in October 2019. Alliant Insurance intends to use the net proceeds to repay indebtedness and for general corporate purposes.
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 included Mark Brod, Ben Massey, Crystal Oparaeke and Xochitl Romo (Capital Markets); Justin Lungstrum and Arman Naraghi-Pour (Banking and Credit); Steve DeLott (Insurance Regulatory); Jonathan Cantor and Abigail Hopper (Tax); Jeanne Annarumma and Eric Wolf (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Andrew Pagliughi (Blue Sky).