Marsh & McLennan to repay portion of revolver with note proceeds

By Marisa Wong

Los Angeles, May 4 – Marsh & McLennan Cos., Inc. plans to pay down a portion of borrowings under its revolving credit facility that expires October 2023 using proceeds from an offering of senior notes due 2030, according to a 424B2 filing with the Securities and Exchange Commission.

As of April 30, the revolver had an outstanding balance of about $1 billion, with an additional $800 million available to draw, and the interest rate was 1.9%.

Marsh & McLennan is a professional services firm based in New York.

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