TMCnet - World's Largest Communications and Technology Community



Alliant Holdings Intermediate, LLC and Alliant Holdings Co-Issuer, Inc. Announce Offering of Additional Senior Notes
[September 13, 2017]

Alliant Holdings Intermediate, LLC and Alliant Holdings Co-Issuer, Inc. Announce Offering of Additional Senior Notes

Alliant Holdings Intermediate, LLC (formerly Alliant Holdings I, L.P., the "Company") and Alliant Holdings Co-Issuer, Inc. ("Co-Issuer", and together with the Company, the "Issuers") today announced their intention to commence a private offering to eligible purchasers of $150.0 million aggregate principal amount of 8.25% Senior Notes due 2023 (the "Additional Notes"), subject to market conditions. The Additional Notes constitute a further issuance of, and will form a single series with, the $535.0 million aggregate principal amount of 8.25% Senior Notes due 2023 that the Issuers issued on August 13, 2015.

The Issuers intend to use the net proceeds from the offering, together with cash on hand, to fund a one-time restricted payment by the Company or a parent entity in an aggregate amount not to exceed $275.0 million in order to repurchase for cash the minority equity interests in a parent entity.

The Additional Notes will be jointly and severally guaranteed on a senior unsecured basis by all of the Company's domestic, wholly-owned subsidiaries that guarantee its senior secured credit facilities.

The Additional Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Additional Notes have not been, and will not be, registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder.

The offering of the Additional Notes is subject to market and other conditions, and there can be no assurance that the offering will be consummated on the terms described above or at all.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Additional Notes in any jurisdiction in which such offer, solicitation or sal would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Alliant Holdings Intermediate, LLC

Alliant Holdings Intermediate, LLC and its affiliates are a specialty-oriented, middle-market insurance brokerage organization providing property and casualty and employee benefits products and services on a national scale. Of the approximately 38,500 insurance brokerage firms in the United States, the Company and its affiliates are the 11th largest (according to Business Insurance, as measured by 2016 U.S. brokerage revenues) and take no underwriting risk. As of June 30, 2017, the Company and its affiliates served over 25,000 commercial clients and governmental entities nationwide through our 97 offices in 25 states.

Forward-Looking Statements

Certain statements in this press release regarding the Consent Solicitation constitute "forward-looking statements" within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates" and "plans" and similar expressions of future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: our substantial indebtedness; our ability to service our outstanding indebtedness and the impact such indebtedness may have on the way we operate our business; fluctuations in premium rates charged by insurance carriers; competition in the industry; industry consolidation; our ability to implement our business strategies; potential decreases in and unpredictability of contingent commissions and policy renewals; our ability to meet our objective of growing revenues organically; fluctuations in the demand for insurance products; passage of new legislation or the enactment of regulation affecting our business generally and our employee benefits business in particular; errors and omissions claims; our ability to satisfy our customers and maintain our reputation; our ability to attract and retain key sales and management professionals; developing and implementing effective information technology systems; successful consummation and integration of acquisitions; matters related to claims, lawsuits and related proceedings; our ability to maintain an effective system of internal controls over financial reporting; geographic concentration of our business; conflicts of interest with our controlling investors; general economic conditions around the country; our ability to collect our accounts receivables; our reliance on third parties to perform key functions of our business operations and provide services to our clients; our ability to recover from a disaster or other business continuity problem; and other risks and uncertainties. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or circumstances after the date of this press release or to report the occurrence of unanticipated events, unless we are required to do so by law.

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy