Wayne Merger Sub, LLC and Alliant Holdings Co-Issuer, Inc. Announce Offering of Senior Notes

NEWPORT BEACH, Calif.--()--Wayne Merger Sub, LLC (“Merger Sub”), which is controlled by affiliates of Stone Point Capital LLC (“Stone Point”), and Alliant Holdings Co-Issuer, Inc., a wholly-owned subsidiary of Merger Sub (“Holdings”, and together with Merger Sub, the “Issuers”), today announced their intention to commence a private offering to eligible purchasers of $535.0 million aggregate principal amount of senior notes due 2023 (the “Notes”), subject to market conditions.

The Issuers intend to use the net proceeds from the offering, together with borrowings under a new senior secured term loan facility and equity contributions from Stone Point, together with affiliates of Kohlberg Kravis Roberts & Co. L.P. and certain members of management, to finance the proposed merger of Merger Sub with and into Alliant Holdings I, L.P. (“Alliant”) (the “Merger”), the parent company of Alliant Insurance Services, Inc., and to refinance and redeem certain existing indebtedness.

Upon the consummation of the Merger, the notes will be jointly and severally guaranteed on a senior unsecured basis by all of the Alliant’s domestic, wholly-owned subsidiaries and Alliant will assume all of the obligations of Merger Sub under the Notes.

The Notes will be offered and sold to qualified institutional buyers in the United Stated 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 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 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 Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Alliant Insurance Services, Inc. is a specialty-oriented, middle-market insurance brokerage organization providing property and casualty and employee benefits products and services on a national scale. For additional information on the Company, visit our web site: http://www.alliant.com.

Contacts

Alliant Insurance Services, Inc.
Lynda Lane
Senior Vice President and Corporate Director
Marketing and Corporate Communications
949 260 5050
llane@alliant.com

Contacts

Alliant Insurance Services, Inc.
Lynda Lane
Senior Vice President and Corporate Director
Marketing and Corporate Communications
949 260 5050
llane@alliant.com