Willis Towers Watson $1 billion 3.5% and 4.4% notes issues

Overview:

• Insurance and risk management company Willis Towers Watson has made a $1 billion debt offering.
• The offering consisted of $450 million 3.5% notes due 2021 and $550 million 4.4% notes due 2026.
• The proceeds will be used to repay a bridge loan and a revolving credit facility.
• The offering was made through Willis Towers subsidiary Trinity Acquisition.
• Willis Towers is headquartered in London.
• The joint bookrunning managers were JP Morgan Securities, Merrill Lynch Pierce Fenner & Smith, SunTrust Robinson Humphrey, Barclays Capital and Wells Fargo Securities.

Kurt Stumpo - Journalist