Confie to launch $220 million second-lien term loan on Wednesday

By Sara Rosenberg

New York, Oct. 15 – Confie Seguros Holding II Co. is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch a $220 million second-lien term loan, according to a market source.

Goldman Sachs Bank USA is the lead bank on the deal.

Proceeds will be used with new preferred equity to refinance an existing second-lien term loan and partially repay revolver and first-lien term loan borrowings.

Confie Seguros is a Huntington Beach, Calif.-based personal lines and small to midsize commercial insurance broker.

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