GRAND RAPIDS, Mich.–(BUSINESS WIRE)–Acrisure, 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 will constitute a new tranche of term loans under the Company’s existing credit agreement, among Acrisure Intermediate, 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, as administrative agent.
The Company intends to use the net proceeds from the incremental term loans to fund future acquisitions and to pay related fees and expenses.
About Acrisure
Acrisure is a global Fintech company that delivers a broad array of products including Insurance, Real Estate Services, Cyber Services and Asset & Wealth Management. The Company has grown in revenue from $38 million to nearly $4 billion in just over nine years with over 14,000 employees and locations around the world. Find out more at www.acrisure.com.