Willis Group redeems remaining $35 million of 12.875% notes due 2016

By Toni Weeks

San Diego, April 18 - Willis Group Holdings plc subsidiary Trinity Acquisition plc completed the redemption of the remaining $35 million of its 12.875% senior notes due 2016, according to an 8-K filed Monday with the Securities and Exchange Commission.

The notes were redeemed April 18 at par plus an applicable premium in accordance with the indenture for the notes and accrued interest up to but excluding the redemption date.

Following this transaction and the previous redemption of $465 million of the notes, none of the 12.875% notes remain outstanding.

Willis is a London-based insurance broker.

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