Articles from Acrisure, LLC

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $550,000,000 aggregate principal amount of 6.750% secured senior notes due 2032 (the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering, together with the proceeds from a new tranche of refinancing term loans in an aggregate principal amount of approximately $1,343,000,000, the proceeds from a new tranche of incremental term loans in an aggregate principal amount of approximately $457,000,000, and cash on hand, to refinance all outstanding 2024 Repricing Term B-1 Loans (as defined in the First Lien Credit Agreement, dated November 22, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)), repay all outstanding Revolving Credit Loans (as defined in the Credit Agreement), fund future acquisitions and pay related fees and expenses.

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today that they plan to offer, subject to market conditions, approximately $750,000,000 aggregate principal amount of secured senior notes due 2032 (the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering, together with the proceeds from a new tranche of refinancing term loans in an aggregate principal amount of approximately $1,343,000,000, the proceeds from a new tranche of incremental term loans in an aggregate principal amount of approximately $257,000,000, and cash on hand, to refinance all outstanding 2024 Repricing Term B-1 Loans (as defined in the First Lien Credit Agreement, dated November 22, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)), repay all outstanding Revolving Credit Loans (as defined in the Credit Agreement), fund future acquisitions and pay related fees and expenses.

Acrisure, LLC, a Michigan limited liability company (“Acrisure” or the “Company”), announced today (i) the early tender results as of the previously announced early tender participation deadline of 5:00 p.m., New York City time, on June 14, 2024 (the “Early Participation Deadline”) for the previously announced offer to purchase for cash (the “Tender Offer”) for any and all outstanding 10.125% Senior Notes due 2026 issued by Acrisure and Acrisure Finance Inc. (the “Issuers”, and such notes, the “Notes”) and related consent solicitations (the “Consent Solicitations”) and (ii) the Total Consideration (as defined below) for the Notes. The Tender Offer and Consent Solicitation are being made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated June 3, 2024 (as it may be amended or supplemented from time to time, the “Statement”).

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $925,000,000 aggregate principal amount of 8.25% senior notes due 2029 (the “notes”). The Issuers intend to use the net proceeds from the notes offering to fund the redemption of all of its outstanding 7.000% senior notes due 2025, 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 pay related fees and expenses. This press release does not constitute a notice of redemption.

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today that they plan to offer, subject to market conditions, approximately $925,000,000 aggregate principal amount of senior notes due 2029 (the “notes”). The Issuers intend to use the net proceeds from the notes offering to fund the redemption of all of its outstanding 7.000% senior notes due 2025, 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 pay related fees and expenses. This press release does not constitute a notice of redemption.

Acrisure, LLC (the “Company”) announced today that it has closed a senior secured incremental term loan facility in an aggregate principal amount of $1 billion (the “incremental term loans”). The incremental term loans will constitute a new tranche of term loans under the Company’s existing credit agreement, among Acrisure Intermediate, Inc., a Delaware corporation and direct parent company of the Company, the Company, the guarantors party thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank. N.A., as administrative agent.