...+ Insurance broker Acrisure Holdings Inc. is issuing a $450 million first-lien and a $175 million second-lien term loan add-on debt to fund acquisitions under signed and submitted letters of intent (LOIs). + We are affirming our 'B' credit ratings on Acrisure and its core subsidiaries, as well as our issue-level ratings on the company's debt. + The stable outlook reflects our expectation that Acrisure will sustain favorable operating trends, deleveraging in line with our expectations of about 7.0x-7.5x by year-end 2017. NEW YORK April 25, 2017--, S&P Global Ratings said today it affirmed its 'B' long-term corporate credit ratings on Acrisure Holdings Inc. and its core subsidiaries. The outlook is stable. At the same time, we affirmed our 'B' issue-level ratings, with a '3 {65%)' recovery rating, on the company's first-lien credit facilities, which include the $200 million revolver due 2021 and the upsized $1.7 billion term loan due 2023 (including the existing $1.3 billion term loan and...
