Marsh & McLennan Companies Inc

NYSE:MMCUnited States

Oct 30, 2024

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• Marsh McLennan Announces Pricing of $7.25 Billion Senior Notes Offering, from 6:30PM ET on Wednesday Oct 30, 2024 by Dow Jones

  6:30PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: MMC
  
  Marsh McLennan Announces Pricing of $7.25 Billion Senior Notes Offering
  NEW YORK--(BUSINESS WIRE)--October 30, 2024--
  Marsh McLennan (NYSE: MMC) (the "Company") announced today that it has priced $950 million aggregate principal amount of its 4.550% Senior Notes due 2027, $1,000 million aggregate principal amount of its 4.650% Senior Notes due 2030, $1,000 million aggregate principal amount of its 4.850% Senior Notes due 2031, $2,000 million aggregate principal amount of its 5.000% Senior Notes due 2035, $500 million aggregate principal amount of its 5.350% Senior Notes due 2044, $1,500 million aggregate principal amount of its 5.400% Senior Notes due 2055 and $300 million aggregate principal amount of its Floating Rate Senior Notes due 2027 (collectively, the "Notes"). The Company intends to use the net proceeds from the Notes offering to fund, in part, the pending acquisition (the "Transaction") of the parent company of McGriff Insurance Services, LLC, an affiliate of TIH Insurance Holdings, including the payment of related fees and expenses, as well as for general corporate purposes. The Transaction is targeted to close by year-end, subject to regulatory approval and other standard closing conditions. The closing of the Notes offering is not conditioned upon the closing of the Transaction and is expected to occur on November 8, 2024, subject to the satisfaction of certain customary closing conditions.