Marsh & McLennan. Marsh & McLennan Companies Announces Pricing of $5.0 Billion Senior Notes Offering
January 09 2019 - 2:00AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies, Inc. (the "Company") announced
today that it has priced $700 million aggregate principal amount of
its 3.500% Senior Notes due 2020, $1,000 million aggregate
principal amount of its 3.875% Senior Notes due 2024, $1,250
million aggregate principal amount of its 4.375% Senior Notes due
2029, $500 million aggregate principal amount of its 4.750% Senior
Notes due 2039, $1,250 million aggregate principal amount of its
4.900% Senior Notes due 2049 and $300 million aggregate principal
amount of its Floating Rate Senior Notes due 2021 (collectively,
the "Notes"). The Company intends to use the net proceeds to fund,
in part, the acquisition ("Acquisition") of Jardine Lloyd Thompson
Group plc. ("JLT"), including the payment of related fees and
expenses, and to repay certain JLT indebtedness, as well as for
general corporate purposes. The Acquisition is expected to be
completed in the spring of 2019, subject to certain customary
conditions. The closing of the Notes offering is not contingent on
the closing of the Acquisition and is expected to occur on January
15, 2019, subject to certain customary conditions. Goldman Sachs
& Co. LLC, Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Barclays Capital Inc., HSBC Securities (USA) Inc.,
J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC
Capital Markets, LLC, U.S. Bancorp Investments, Inc. and Wells
Fargo Securities, LLC are acting as joint book-running managers for
the Notes offering. ANZ Securities, Inc., BNP Paribas Securities
Corp., Drexel Hamilton, LLC, GC Securities, a division of MMC
Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc.,
TD Securities (USA) LLC and The Williams Capital Group, L.P. are
acting as co-managers for the Notes offering.
An effective shelf registration statement related to the Notes
has previously been filed with the Securities and Exchange
Commission (the "SEC"). The offering and sale of the Notes are
being made by means of a prospectus supplement and an accompanying
base prospectus related to the offering. Before you invest, you
should read the prospectus supplement and the base prospectus for
more complete information about the issuer and this offering. You
may obtain these documents for free by visiting EDGAR or the SEC
website at www.sec.gov; alternatively, copies may be obtained from:
(i) Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile:
212-902-9316 or by emailing prospectus-ny@ny.email.gs.com, (ii)
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY11717, telephone:
1-800-831-9146 or by emailing prospectus@citi.com, (iii) Deutsche
Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New
York, NY 10005, telephone: 1-800-503-4611 or by emailing
prospectus.CPDG@db.com, and (iv) Merrill Lynch, Pierce, Fenner
& Smith Incorporated, NC1-004-03-43, 200 North College Street,
3rd floor, Charlotte, NC 28255, telephone: 1-800-294-1322 or by
emailing dg.prospectus_requests@baml.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.
About Marsh & McLennan Companies
Marsh & McLennan (NYSE: MMC) is the world's leading
professional services firm in the areas of risk, strategy and
people. The company's approximately 65,000 colleagues advise
clients in over 130 countries. With annual revenue over $14
billion, Marsh & McLennan helps clients navigate an
increasingly dynamic and complex environment through four
market-leading firms. Marsh advises individual and commercial
clients of all sizes on insurance broking and innovative risk
management solutions. Guy Carpenter develops advanced risk,
reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations meet
the health, wealth and career needs of a changing workforce. Oliver
Wyman serves as a critical strategic, economic and brand advisor to
private sector and governmental clients.
Media:Erick R. GustafsonMarsh & McLennan
Companies+1-202-263-7788erick.gustafson@mmc.com
Investors:Dan FarrellMarsh & McLennan
Companies+1-212-345-3713daniel.farrell@mmc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190108006129/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
January 09, 2019 02:00 ET (07:00 GMT)
Marsh & Mclennan Cos (LSE:MHM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Marsh & Mclennan Cos (LSE:MHM)
Historical Stock Chart
From Jul 2023 to Jul 2024