Insurance broker Acrisure is issuing a $325 million first-lien term loan add-on and $725 million in senior notes to fund acquisitions under signed letters of intent (LOIs) and to repay its existing second-lien term loan. We are affirming our 'B' long-term issuer credit rating on Acrisure, as well as our 'B' issue-level rating on company's first-lien credit facilities. We are also assigning our 'CCC+' issue-level rating to the company's new senior notes with '6(0%)' recovery. The stable outlook reflects our expectation that Acrisure will sustain favorable operating trends. On Oct. 30, 2017, S&P Global Ratings affirmed its 'B' long-term issuer credit rating on Acrisure Holdings Inc. and its core subsidiaries. The outlook is stable. At the same time, we affirmed
