Acrisure Closes $1 Billion Incremental Term Loan Facility
Posted on 11/07/2022
Acrisure, LLC closed a senior secured incremental term loan facility in an aggregate principal amount of US$ 1 billion. 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. JPMorgan Chase Bank. N.A. is the loan’s administrative agent. This loan facility news is less than six months after securing a US$ 725 million Series B preferred equity funding round that valued the company at US$ 23 billion. Acrisure is a global fintech company. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the Series B round, with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors.
Acrisure intends to use the net proceeds from the incremental term loans to fund future acquisitions and to pay related fees and expenses.
