Marsh & McLennan. Marsh & McLennan Companies Announces Pricing of EUR1.1 Billion Senior Notes Offering
March 15 2019 - 2:00AM
UK Regulatory
TIDMMHM
Marsh & McLennan Companies, Inc. (the "Company") announced
today that it has priced EUR550 million aggregate principal amount
of its 1.349% Senior Notes due 2026 and EUR550 million aggregate
principal amount of its 1.979% Senior Notes due 2030 (collectively,
the "Notes"). 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, 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 certain customary conditions. The closing of
the Notes offering is not contingent on the closing of the
Acquisition and is expected to occur on March 21, 2019, subject to
certain customary conditions. Goldman Sachs & Co. LLC,
Citigroup Global Markets Limited, Deutsche Bank AG, London Branch,
HSBC Bank plc, Merrill Lynch International, Barclays Bank PLC and
J.P. Morgan Securities plc are acting as joint book-running
managers for the Notes offering. ANZ Securities, Inc., BNP Paribas,
Drexel Hamilton, LLC, GC Securities, a division of MMC Securities
LLC, MUFG Securities EMEA plc, PNC Capital Markets LLC, RBC Europe
Limited, Scotiabank Europe plc, The Toronto-Dominion Bank, U.S.
Bancorp Investments, Inc., Wells Fargo Securities, LLC and The
Williams Capital Group, L.P. 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:
212-902-9316 or by emailing prospectus-ny@ny.email.gs.com, (ii)
Citigroup Global Markets Limited, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:
1-800-831-9146 or by emailing prospectus@citi.com, (iii) Deutsche
Bank AG, London Branch, Winchester House, 1 Great Winchester
Street, London EC2N 2DB, United Kingdom, telephone: 1-800-503-4611
or by emailing prospectus.CPDG@db.com, (iv) HSBC Bank plc, 8 Canada
Square, London E14 5HQ, United Kingdom, telephone: 1-866-811-8049
and (v) Merrill Lynch International, 2 King Edward Street, London
EC1A 1HQ, United Kingdom, telephone: 1-800-294-1322.
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
Investors:Sarah DeWittMarsh & McLennan Companies+1 212 345
2708sarah.dewitt@mmc.com
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(END) Dow Jones Newswires
March 15, 2019 03:00 ET (07:00 GMT)
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