Acrisure Announces Additional Term Loan Facility

GRAND RAPIDS, Michigan, November 04, 2022–(BUSINESS WIRE)–Acrisure, LLC (the “Company”) today announced that it has entered into an additional senior secured term loan facility in the aggregate principal amount of $1 billion (the “Term Loans additional”). The additional term loans will constitute a new tranche of term loans under the Company’s existing credit agreement, between Acrisure Intermediate, Inc., a Delaware corporation and the Company’s direct parent company, the Company, guarantors who are party to it from time to time, lenders who are party to it from time to time, and JPMorgan Chase Bank. NA, as administrative agent.

The Company intends to use the net proceeds from the additional term loans to fund future acquisitions and pay related fees and expenses.

About Acrisure

Acrisure is a global fintech company that offers a wide range of products, including insurance, real estate services, cyber services, and asset and wealth management. The company has seen its revenue grow from $38 million to nearly $4 billion in just over nine years with more than 14,000 employees and locations worldwide. Learn more about www.acrisure.com.

Forward-looking statements

This press release contains “forward-looking statements” that are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should”, “may”, “will”, “plan”, “expect”, “intend”, “plan”, “believe”, “seek”, “estimate” , “intends” and similar expressions identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. These forward-looking statements include statements regarding the intention to use additional proceeds from the term loan to fund acquisitions. These forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation to update the forward-looking statements.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221104005392/en/

contacts

Analyst Requests:
Kent Snyder
Vice President, Finance and Capital Markets
(616) 541-1359
[email protected]

Media inquiries:
Elliott Bundy
Head of Communications and Marketing
(347) 561-0276
[email protected]

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