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Willkie Farr & Gallagher LLP

03/15/2019 | Press release | Distributed by Public on 03/15/2019 15:54

Marsh & McLennan Companies Announces Pricing of €1.1 Billion Senior Notes Offering

Willkie represented the underwriters, led by joint book-running managers Goldman Sachs, Citigroup Global Markets, Deutsche Bank, HSBC, Merrill Lynch International, Barclays and J.P. Morgan Securities.

On March 14, Marsh & McLennan Companies, Inc. (NYSE: MMC) announced it has priced €550 million aggregate principal amount of its 1.349% Senior Notes due 2026 and €550 million aggregate principal amount of its 1.979% Senior Notes due 2030. Willkie represented the underwriters, led by Goldman Sachs, Citigroup Global Markets, Deutsche Bank, HSBC, Merrill Lynch International, Barclays and J.P. Morgan Securities.

The company intends to use the net proceeds from the notes offering, together with the net proceeds from its recent $5.0 billion senior notes offering in which Willkie also represented the underwriters, to fund, in part, the acquisition of Jardine Lloyd Thompson Group plc, including the payment of related fees and expenses, and to repay certain JLT indebtedness, as well as for general corporate purposes.

With annual revenue of $15 billion, Marsh & McLennan is the world's leading professional services firm in the areas of risk, strategy and people. The company's over 65,000 colleagues advise clients in over 130 countries.

The transaction was handled by partner Jeffrey Hochman and included UK partner Jennifer Tait and associates Julian Golay, Yoon Jung and David Griffiths.