Marsh & McLennan. Marsh & McLennan Companies Announces Pricing of $250 Million Senior Notes Offering

 
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Marsh & McLennan Companies, Inc. (the "Company") announced today that it has priced $250 million aggregate principal amount of its 4.375% Senior Notes due 2029 (the "Notes"). The Notes constitute a further issuance of the 4.375% Senior Notes due 2029, of which $1.25 billion aggregate principal amount was issued on January 15, 2019. After giving effect to the issuance of the Notes, the Company will have $1.5 billion aggregate principal amount of 4.375% Senior Notes due 2029 outstanding. The Company intends to use the net proceeds from the Notes offering, together with the net proceeds from its recent $5.0 billion senior notes offering and its recently priced EUR1.1 billion senior notes offering, to fund, in part, the acquisition ("Acquisition") of Jardine Lloyd Thompson Group plc ("JLT"), including the payment of related fees and expenses, and to repay certain JLT indebtedness, as well as for general corporate purposes. The Acquisition is expected to be completed in the spring of 2019, subject to regulatory and UK High Court approvals. The closing of the Notes offering is not contingent on the closing of the Acquisition or the recently priced EUR1.1 billion senior notes offering and is expected to occur on March 27, 2019, subject to certain customary conditions. Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the Notes offering. ANZ Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., Drexel Hamilton, LLC, GC Securities, a division of MMC Securities LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, The Williams Capital Group, L.P. and U.S. Bancorp Investments, Inc. are acting as co-managers for the Notes offering.

An effective shelf registration statement related to the Notes has previously been filed with the Securities and Exchange Commission (the "SEC"). The offering and sale of the Notes are being made by means of a prospectus supplement and an accompanying base prospectus related to the offering. Before you invest, you should read the prospectus supplement and the base prospectus for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR or the SEC website at www.sec.gov; alternatively, copies may be obtained from: (i) Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: [phone], facsimile: 1-212-902-9316 or by emailing [e-mail], (ii) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY11717, telephone: [phone] or by emailing [e-mail], (iii) Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: [phone] or by emailing [e-mail], (iv) HSBC Securities (USA) Inc., Attn: TMG Americas, 452 Fifth Avenue, New York, NY 10018, telephone: [phone] and (v) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255, telephone: [phone] or by emailing [e-mail].

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Marsh & McLennan Companies

Marsh & McLennan (NYSE:MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The company's over 65,000 colleagues advise clients in over 130 countries. With annual revenue of $15 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

MEDIA:Erick GustafsonMarsh & McLennan Companies+1 202 263 [e-mail]

INVESTOR:Sarah DeWittMarsh & McLennan Companies+1 212 345 [e-mail]

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March 21, 2019 03:00 ET (07:00 GMT)