8-KOther EventsExhibits & Filings

Aon plc 8-K Report, Corporate Update (May 2, 2019)

Filed May 2, 2019For Securities:AON

Summary

Aon plc (AON) announced on May 1, 2019, via an 8-K filing, the successful completion of a senior notes offering. The company and its guarantor, Aon Corporation, issued $750 million in aggregate principal amount of 3.750% Senior Notes due 2029. This issuance was made under a previously filed registration statement and is backed by a full and unconditional guarantee from Aon plc. The net proceeds from this offering are estimated to be approximately $743 million, after deducting underwriting discounts and expenses. Aon plc intends to utilize these funds to reduce its outstanding commercial paper obligations and for general corporate purposes. This strategic move suggests a focus on optimizing the company's capital structure and managing its short-term debt.

Key Highlights

  • 1Aon plc successfully priced $750 million of 3.750% Senior Notes due 2029.
  • 2Aon Corporation is the issuer, with Aon plc providing a full and unconditional guarantee.
  • 3The offering was conducted under a Registration Statement on Form S-3.
  • 4Net proceeds are estimated at approximately $743 million.
  • 5Proceeds will be used to pay down outstanding commercial paper.
  • 6Remaining proceeds will be used for general corporate purposes.
  • 7The issuance strengthens Aon's long-term debt profile and liquidity.

Frequently Asked Questions

This 8-K filing was made to report on the underwriting agreement and the details of Aon's offering and sale of $750 million of 3.750% Senior Notes due 2029.

Aon raised $750 million in aggregate principal amount. The notes have a coupon rate of 3.750% and mature in 2029. They are senior notes and are fully guaranteed by Aon plc.

The company intends to use the net proceeds, estimated at approximately $743 million, to pay down a portion of its outstanding commercial paper and for general corporate purposes.

The guarantee from Aon plc signifies that the parent company is fully committed to backing the debt obligations of Aon Corporation, providing additional security and confidence to investors in the senior notes.