Willis plans to sell fixed-rate senior notes via four bookrunners

By Devika Patel

Knoxville, Tenn., May 12 – Willis North America Inc. plans to price an offering of dollar-denominated fixed-rate senior notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Computershare Trust Co., NA is the trustee.

Counsel to the issuer is provided by Weil, Gotshal & Manges LLP (New York), Weil, Gotshal & Manges (London) LLP (England), Matheson (Ireland) and Baker & McKenzie Amsterdam NV (Netherlands). Counsel to the underwriters is provided by Simpson Thacher & Bartlett LLP.

The notes will be guaranteed by Willis Towers Watson plc, Willis Towers Watson Sub Holdings Unlimited Co., Willis Netherlands Holdings BV, Willis Investment UK Holdings Ltd., TA I Ltd., Willis Towers Watson UK Holdings Ltd., Trinity Acquisition plc and Willis Group Ltd.

Proceeds will be used to repay all €540 million of the company’s remaining 2.125% senior notes due May 26, 2022, including accrued interest, and for general corporate purposes.

The company is a subsidiary of Willis Towers Watson, a London-based global risk adviser and insurance and reinsurance broker.

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