Summary
Aon plc (AON) filed an 8-K on September 12, 2022, to report on the issuance of new debt. Specifically, Aon Corporation and Aon Global Holdings plc, as Issuers, have completed an offering of $500 million aggregate principal amount of 5.000% Senior Notes due 2032. These notes are fully and unconditionally guaranteed by Aon plc and Aon Global Limited, serving as Guarantors. The net proceeds from this offering, approximately $495.3 million after deducting underwriting discounts and expenses, are intended for general corporate purposes. Ten percent of the proceeds will be used by Aon Corporation, while the remaining 90% will be utilized by Aon Global Holdings plc. This debt issuance is a significant event for Aon, impacting its capital structure and funding strategy.
Key Highlights
- 1Aon plc successfully issued $500 million of 5.000% Senior Notes due 2032.
- 2The notes are issued by Aon Corporation and Aon Global Holdings plc.
- 3Aon plc and Aon Global Limited provided full and unconditional guarantees for the notes.
- 4Net proceeds from the offering are approximately $495.3 million.
- 510% of the net proceeds are allocated to Aon Corporation for general corporate purposes.
- 690% of the net proceeds are allocated to Aon Global Holdings plc for general corporate purposes.
- 7The debt issuance is governed by an indenture, further supplemented on September 12, 2022.