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- $2.5 Billion Dual-Tranche Refinancing Reduces Cost of Capital and Enhances Long-Term Financial Flexibility - Additional $400 million Revolving Credit Facility for Future Investments and M&A - Refinancing Closes Concurrently with Carlyle Strategic Investment Trucordia a top-20 U.S. insurance brokerage, today announced that it has completed a comprehensive debt refinancing that significantly enhances the company’s capital structure and positions it for continued growth. The transaction closes concurrently with the $1.3 billion strategic investment from Carlyle announced earlier this month.
Trucordia Announces Completion of Comprehensive Debt Refinancing to Support Strategic Goals
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The transaction will reduce Trucordia’s leverage and simplify its governance structure by repurchasing units from existing minority investors. The transaction, which is expected to close this month and values Trucordia at $5.7 billion, provides the company with long-term financial flexibility to pursue a variety of strategic outcomes.
Trucordia to Receive $1.3 Billion Strategic Investment from Carlyle
PCF Insurance Services, a top 20 U.S. insurance brokerage, announced that it is rebranding to Trucordia, effective today. The name Trucordia combines the words “trust” and “accord”, which reflect the integrity, harmony and collaboration that are the cornerstones of its business.
PCF Insurance Services Announces Rebrand to Trucordia
PCF Insurance Services, a top 20 U.S. insurance brokerage, announced today it has acquired the insurance business of Top Insurance Associates, based in Snohomish, Washington.
PCF Insurance Services Acquires Business of Top Insurance Associates
PCF Insurance Services, a top 20 U.S. insurance brokerage, announced today it has acquired the insurance business of Kentucky Health Solutions, based in Lexington, Kentucky.
PCF Insurance Acquires Insurance Business of Kentucky Health Solutions
PCF Insurance Services Acquires 360 Insurance Team
PCF Insurance Services Acquires 360 Insurance Team
PCF Insurance Services Acquires Asset Insurance Agency Team
PCF Insurance Services Acquires Asset Insurance Agency Team
PCF Insurance Deepens Bench in Construction, Real Estate Sectors with Acquisition of DLD Insurance Brokers Team
PCF Insurance Deepens Bench in Construction, Real Estate Sectors with Acquisition of DLD Insurance Brokers Team
PCF Insurance Named Top 100 P/C Agency for Fourth Consecutive Year
PCF Insurance Named Top 100 P/C Agency for Fourth Consecutive Year
PCF Insurance Expands Solutions Offering to Public Entity Sector with Acquisition of Texas Insurance Business
PCF Insurance Expands Solutions Offering to Public Entity Sector with Acquisition of Texas Insurance Business