Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Willis Towers Watson plc > News item |
Willis Towers Watson plans two-part senior notes offer
By Aleesia Forni
New York, March 17 – Willis Towers Watson plc is planning to sell senior notes in two tranches, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be issued by Trinity Acquisition plc.
BofA Merrill Lynch, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Barclays and Wells Fargo Securities LLC are the bookrunners.
Willis Capital Markets & Advisory is a financial advisor.
Proceeds will be used to repay $300 million under a revolving credit facility and tranche B term loans under a bridge loan facility, with any remaining proceeds to be used to pay down amounts outstanding under a revolving credit facility.
Guarantors are Willis Towers Watson plc, Willis Towers Watson Sub Holdings Ltd., Willis Netherlands Holdings BV, Willis Investment UK Holdings Ltd., TA I Ltd., WTW Bermuda Holdings Ltd., Willis Group Ltd. and Willis North America Inc.
The global risk adviser and insurance and reinsurance broker is based in London.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.