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Stock impact report

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

Marsh & McLennan Companies, Inc. (MMC) 
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: marsh.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Marsh & McLennan Companies, Inc. (the “Company”) announced today that it has priced $250 million aggregate principal amount of its 4.375% Senior Notes due 2029 (the “Notes”). The Notes constitute a further issuance of the 4.375% Senior Notes due 2029, of which $1.25 billion aggregate principal amount was issued on January 15, 2019. After giving effect to the issuance of the Notes, the Company will have $1.5 billion aggregate principal amount of 4.375% Senior Notes due 2029 outstanding. 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 and its recently priced €1.1 billion senior notes offering, 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 Show less Read more
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