Summary
This 8-K filing from Aon plc, dated August 18, 2014, reports on an event that occurred on August 12, 2014: the company's entry into an Underwriting Agreement for the issuance and sale of $350,000,000 aggregate principal amount of its 3.500% Senior Notes due 2024. These new notes will form a single series with previously issued notes of the same series and maturity, bringing the total outstanding of this series to $600,000,000. The net proceeds from this offering are expected to be approximately $344.5 million, after deducting underwriting discounts and estimated expenses. Aon plc intends to use these proceeds for general corporate purposes. The filing also confirms the guarantee provided by Aon Corporation for these notes. Investors should note this is a debt offering to fund general corporate activities.
Key Highlights
- 1Aon plc issued $350 million in aggregate principal amount of 3.500% Senior Notes due 2024 on August 12, 2014.
- 2These new notes form a single series with $250 million of the same notes issued on May 28, 2014, bringing the total for this series to $600 million.
- 3The net proceeds from the offering are estimated to be $344.5 million.
- 4The proceeds are intended for general corporate purposes.
- 5Aon Corporation provides a full and unconditional guarantee for these senior notes.
- 6The filing includes the Underwriting Agreement and legal opinions as exhibits.