Acrisure Announces Pricing of Notes Offering

CALEDONIA, Mich., Nov. 3, 2017 /PRNewswire/ -- Acrisure, LLC (the "Company") and Acrisure Finance, Inc. (together with the Company, the "Issuers") announced today the pricing of the previously announced offering of 7.00% senior notes due 2025 (the "notes"). The size of the offering has been increased from $725 million to $925 million. The Issuers intend to use the net proceeds from the notes offering to repay all of the Company's second lien notes, to pay related fees and expenses and to fund acquisitions.

The notes are expected to be issued at an issue price of 100%, and will be guaranteed on a senior unsecured basis by each of our existing and future wholly-owned domestic restricted subsidiaries to the extent such subsidiary guarantees our senior secured credit facilities.

The notes offering is expected to close on November 17, 2017, subject to customary closing conditions.

In connection with the notes offering, the Company intends to reprice and increase the size of its existing first lien term loan facility and make certain other modifications.

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. Accordingly, the notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Acrisure

Acrisure is a leading insurance broker in the United States and provides a broad array of insurance-related solutions, including commercial property and casualty, personal lines and employee benefits. In the U.S., Acrisure was the fourteenth largest insurance broker based on brokerage revenues generated in 2016.

Forward-Looking Statements

This press release contains "forward-looking statements" which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as "should," "may," "will," "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "contemplates" and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include statements regarding the intention to issue new senior notes and to use offering proceeds to repay all of the Company's second lien notes, to pay related fees and expenses and to fund acquisitions. Such forward-looking statements speak only as of the date of this press release and the Company does not undertake any obligation to update any forward-looking statements.

SOURCE Acrisure, LLC