8-KOther EventsExhibits & Filings

Aon plc 8-K Report, Corporate Update (May 24, 2013)

Filed May 24, 2013For Securities:AON

Summary

Aon plc filed an 8-K report on May 24, 2013, detailing a significant financing event. The company, along with its guarantor Aon Corporation, entered into an Underwriting Agreement to issue and sell $250,000,000 aggregate principal amount of 4.45% Senior Notes due 2043. The issuance was conducted under a previously filed registration statement. The primary purpose of this debt offering is to raise capital that will be used to repay existing commercial paper indebtedness and for general corporate purposes. The net proceeds are estimated to be approximately $245 million after accounting for underwriting discounts and offering expenses. The guarantor, Aon Corporation, will provide a full and unconditional guarantee for these senior notes, offering investors additional security.

Key Highlights

  • 1Aon plc issued $250 million in 4.45% Senior Notes due 2043.
  • 2Aon Corporation provided a full and unconditional guarantee for the notes.
  • 3The offering was conducted under a Form S-3 registration statement.
  • 4Net proceeds are expected to be approximately $245 million.
  • 5Funds will be used to repay commercial paper and for general corporate purposes.
  • 6The net proceeds represent a slight discount to the face value of the notes due to underwriting and expenses.

Frequently Asked Questions

The primary purpose of this debt issuance is to raise approximately $245 million in net proceeds to repay existing commercial paper and for general corporate purposes, indicating a refinancing and operational funding strategy.

Aon Corporation, the guarantor and a subsidiary of Aon plc, is providing a full and unconditional guarantee for the 4.45% Senior Notes due 2043, which enhances the creditworthiness of the notes.

The notes carry a fixed interest rate of 4.45% and mature in 2043, representing a long-term debt issuance.

Aon plc expects to receive approximately $245 million in net proceeds after deducting underwriting discounts and estimated offering expenses from the $250 million principal amount of the notes.