Willis aims to sell fixed-rate senior notes via three bookrunners

By Devika Patel

Knoxville, Tenn., May 11 – Willis North America Inc. plans to price an offering of 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.

Barclays, BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners for the offering.

Proceeds will be used to pay down borrowings under the company’s revolving credit facility, to repay its notes due March 28, 2017, to pay down borrowings under its original term loan facility and original revolving credit facility and for general corporate purposes.

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

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