8-KOther EventsExhibits & Filings

Aon plc 8-K Report, Corporate Update (Feb 28, 2023)

Filed February 28, 2023For Securities:AON

Summary

Aon plc (AON) has filed an 8-K report detailing the issuance of $750 million in 5.350% Senior Notes due 2033. This offering was conducted by Aon Corporation and Aon Global Holdings plc, with full and unconditional guarantees from Aon plc and Aon Global Limited. The net proceeds from this debt issuance, amounting to approximately $743.5 million after deducting underwriting discounts and expenses, are intended for general corporate purposes. This filing indicates Aon's strategy to access capital markets for its ongoing operational needs. Investors should note the specific coupon rate and maturity date of these new notes, as well as the entities involved in the issuance and guarantee. The company's use of proceeds for general corporate purposes suggests flexibility in how these funds will be deployed across its business operations.

Key Highlights

  • 1Aon plc issued $750,000,000 aggregate principal amount of 5.350% Senior Notes due 2033.
  • 2The notes were offered 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 $743,535,950 after expenses.
  • 5Proceeds are designated for general corporate purposes.
  • 6The issuance is governed by an indenture dated December 3, 2018, as amended and restated, with a fifth supplemental indenture dated February 28, 2023.
  • 7The filing includes exhibits related to the underwriting agreement, indenture supplements, forms of notes, and legal opinions.

Frequently Asked Questions

This 8-K filing announces and provides details regarding Aon plc's issuance of $750 million in Senior Notes due 2033. It details the terms of the offering, the parties involved, and the intended use of the net proceeds.

Aon raised approximately $743.5 million in net proceeds after deducting underwriting discounts and estimated offering expenses. These funds are intended for general corporate purposes, which provides Aon with flexibility in their deployment across business needs.

The notes are being offered by Aon Corporation and Aon Global Holdings plc (the Issuers). The notes are fully and unconditionally guaranteed by Aon plc and Aon Global Limited (the Guarantors). The Bank of New York Mellon Trust Company, N.A. serves as the Trustee.

The new Senior Notes have an aggregate principal amount of $750,000,000, bear an interest rate of 5.350% per annum, and mature in 2033. They are governed by an indenture dated December 3, 2018, as amended and restated, with a fifth supplemental indenture executed on February 28, 2023.