Marsh & McLennan. Marsh & McLennan Companies Announces Pricing of $250 Million Senior Notes Offering
21 March 2019 - 6:00PM
UK Regulatory
TIDMMHM
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 EUR1.1 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
general corporate purposes. The Acquisition is expected to be
completed in the spring of 2019, subject to regulatory and UK High
Court approvals. The closing of the Notes offering is not
contingent on the closing of the Acquisition or the recently priced
EUR1.1 billion senior notes offering and is expected to occur on
March 27, 2019, subject to certain customary conditions. Goldman
Sachs & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, MUFG Securities Americas Inc. and
Wells Fargo Securities, LLC are acting as joint book-running
managers for the Notes offering. ANZ Securities, Inc., Barclays
Capital Inc., BNP Paribas Securities Corp., Drexel Hamilton, LLC,
GC Securities, a division of MMC Securities LLC, J.P. Morgan
Securities LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC,
Scotia Capital (USA) Inc., TD Securities (USA) LLC, The Williams
Capital Group, L.P. and U.S. Bancorp Investments, Inc. 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:
1-212-902-9316 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, (iv) HSBC Securities (USA) Inc., Attn: TMG
Americas, 452 Fifth Avenue, New York, NY 10018, telephone:
1-866-811-8049 and (v) 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 over 65,000 colleagues advise clients in over
130 countries. With annual revenue of $15 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 GustafsonMarsh & McLennan Companies+1 202 263
7788erick.gustafson@mmc.com
INVESTOR:Sarah DeWittMarsh & McLennan Companies+1 212 345
6750sarah.dewitt@mmc.com
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(END) Dow Jones Newswires
March 21, 2019 03:00 ET (07:00 GMT)
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