Marsh & McLennan Companies Announces Pricing of $250 Million Senior Notes

March 21, 2019

Willkie represented joint book-running managers Goldman Sachs, Citigroup Global Markets, Deutsche Bank, HSBC, Merrill Lynch, Pierce, Fenner & Smith, MUFG, Wells Fargo and other underwriters in the transaction.

On March 20, Marsh & McLennan Companies, Inc. (NYSE: MMC) announced that it has priced $250 million aggregate principal amount of its 4.375% Senior Notes due 2029. The notes are a further issuance of MMC’s 4.375% Senior Notes due 2029, of which $1.25 billion aggregate principal amount was issued on January 15, 2019. Willkie represented joint book-running managers Goldman Sachs, Citigroup Global Markets, Deutsche Bank, HSBC, Merrill Lynch, Pierce, Fenner & Smith, MUFG, Wells Fargo and other underwriters in the transaction. 

The company intends to use the net proceeds from the notes offering, together with the net proceeds from its recent $5 billion and €1.1 billion senior notes offerings (in both of 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.

Click here to read Willkie’s announcement on the March 14 pricing of the company’s €1.1 billion senior notes offering, which closed on March 21. Click here to read Willkie’s announcement on the January 8 pricing of the $5 billion senior notes offering.

The deal team for both transactions was led by partner Jeffrey Hochman and included UK partner Jennifer Tait and associates Julian Golay, Yoon Jung, David Griffiths and Edward Torres.