MARSH & MCLENNAN: Marsh McLennan Announces Pricing of $750 Million Senior Notes Offering
02 December 2021 - 6:00PM
UK Regulatory
TIDMMHM
Marsh McLennan (NYSE: MMC) (the "Company") announced today that
it has priced $400 million aggregate principal amount of its 2.375%
Senior Notes due 2031 (the "2031 Notes") and $350 million aggregate
principal amount of its 2.900% Senior Notes due 2051 (the "2051
Notes" and, together with the 2051 Notes, the "Notes"). The Company
intends to use the net proceeds from the Notes offering for general
corporate purposes, including the potential repayment or redemption
of the $500,000,000 outstanding aggregate principal amount of its
2.750% Senior Notes due January 30, 2022. The closing of the Notes
offering is expected to occur on December 8, 2021, subject to the
satisfaction of certain customary closing conditions. This press
release does not serve as a notice of redemption.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P.
Morgan Securities LLC and Wells Fargo Securities, LLC are acting as
joint book-running managers for the 2031 Notes, and BofA
Securities, Inc., Citigroup Global Markets Inc., Barclays Capital
Inc. and HSBC Securities (USA) Inc. are acting as joint
book-running managers for the 2051 Notes.
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) BofA Securities, Inc., Attn: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255, telephone: 1-800-294-1322 or by emailing
dg.prospectus_requests@bofa.com, (ii) Citigroup Global Markets
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone: 1-800-831-9146 or by emailing
prospectus@citi.com, (iii) J.P. Morgan Securities LLC, Attn:
Investment Grade Syndicate Desk, 383 Madison Avenue, New York, NY
10179, telephone 1-212-834-4533, (iv) Wells Fargo Securities, LLC,
Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000,
Minneapolis, MN 55402, telephone 1-800-645-3751, or by email at
wfscustomerservice@wellsfargo.com, (v) Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, telephone: 1-800-603-5847 or by emailing
barclaysprospectus@broadridge.com or (vi) HSBC Securities (USA)
Inc. by telephone at 1-866-811-8049.
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
Marsh McLennan (NYSE: MMC) is the world's leading professional
services firm in the areas of risk, strategy and people. The
Company's 81,000 colleagues advise clients in 130 countries. With
annual revenue over $19 billion, Marsh McLennan helps clients
navigate an increasingly dynamic and complex environment through
four market-leading businesses. Marsh provides data-driven risk
advisory services and insurance solutions to commercial and
consumer clients. 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 redefine the
world of work, reshape retirement and investment outcomes, and
unlock health and wellbeing for a changing workforce. Oliver Wyman
serves as a critical strategic, economic and brand advisor to
private sector and governmental clients.
Media contact: Investor contact:
Erick Gustafson Sarah DeWitt
Marsh McLennan Marsh McLennan
+1 202 263 7788 +1 212 345 6750
erick,gustafson@mmc.com sarah.dewitt@mmc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20211201006176/en/
CONTACT:
Marsh & McLennan
SOURCE: Marsh & McLennan
Copyright Business Wire 2021
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