AssuredPartners Announces Pricing of $500 Million

AssuredPartners, Inc. announced today that it has priced its offering of $500 million aggregate principal amount of 7.00% senior notes due 2025 which reflects an increase of $50 million from the previously announced principal

AssuredPartners, Inc. (the “Company”) announced today that it has priced its offering of $500 million aggregate principal amount of 7.00% senior notes due 2025 (the “Notes”), which reflects an increase of $50 million from the previously announced principal amount offered. The offering is expected to close on August 2, 2017, subject to customary closing conditions. The Company intends to use the proceeds from the offering of the Notes, together with cash on hand, (i) to repay in full all indebtedness outstanding under, and terminate, its second lien term loan facility, (ii) to repay approximately $50 million of indebtedness outstanding under its revolving credit facility and (iii) to pay all related fees and expenses.

The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act, or outside the United States in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and, unless so registered, 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 other applicable securities laws.

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results…

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