Summary
On November 9, 2015, Aon plc (the "Company") announced the execution of an Underwriting Agreement for the offering and sale of $400,000,000 aggregate principal amount of its 2.800% Senior Notes due 2021. Aon Corporation, the Guarantor, will provide a full and unconditional guarantee for these notes, which will be issued under an Indenture dated November 13, 2015, with The Bank of New York Mellon Trust Company, N.A. as trustee. The net proceeds from this debt issuance are expected to be approximately $396.3 million after deducting underwriting discounts and estimated offering expenses. The Company intends to utilize these proceeds for general corporate purposes. This filing provides investors with details regarding the terms of the debt offering and the associated agreements.
Key Highlights
- 1Aon plc successfully priced a new debt issuance of $400 million in Senior Notes due 2021.
- 2The Senior Notes carry a coupon rate of 2.800% per annum.
- 3Aon Corporation provides a full and unconditional guarantee for the Senior Notes.
- 4The net proceeds are anticipated to be approximately $396.3 million.
- 5Proceeds are designated for general corporate purposes.
- 6The offering was conducted under a Registration Statement on Form S-3 (Registration No. 333-206759).
- 7Key legal documents, including the Underwriting Agreement and Indenture, are filed as exhibits.