Willis Towers Watson to pay down revolver debt via new note offering

By Tali Rackner

Minneapolis, May 11 – Willis Towers Watson plc plans to pay down amounts outstanding under its revolving credit facility using the proceeds from a new senior note offering, according to a 424B2 filing with the Securities and Exchange Commission.

The revolver matures on March 7, 2022 and currently bears interest at Libor plus 220 basis points.

Borrowings were incurred to refinance the company’s original term loan and revolving credit facilities on March 8.

Willis is a global risk adviser and insurance and reinsurance broker based in London.

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