NEW YORK--(BUSINESS WIRE)--Mar. 14, 2019--
Marsh & McLennan Companies, Inc. (the "Company") announced today that it
has priced €550 million aggregate principal amount of its 1.349% Senior
Notes due 2026 and €550 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190314005837/en/
Source: Marsh & McLennan Companies, Inc.
Media:
Erick Gustafson
Marsh & McLennan Companies
+1
202 263 7788
erick.gustafson@mmc.com
Investors:
Sarah DeWitt
Marsh & McLennan Companies
+1
212 345 2708
sarah.dewitt@mmc.com