Simpson Thacher Represents Initial Purchasers in $700 Million Senior Secured Notes Offering by Alliant Insurance
01.22.24
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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”) of $700 million aggregate principal amount of 7.000% Senior Secured Notes due 2031 pursuant to Rule 144A and Regulation S. The Notes constitute a further issuance of Alliant Insurance’s existing 7.000% Senior Secured Notes due 2031 that were issued in December 2023.
Alliant 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, Risë Norman and Anna Jarman (Capital Markets); Jon Pall (Collateral); Courtney Welshimer (Intellectual Property); Steve DeLott (Insurance); Jonathan Cantor and Adam Hersch (Tax); Jeanne Annarumma and Guanxiong Xu (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).