Summary
Marsh & McLennan Companies, Inc. (MRSH) filed an 8-K on September 27, 2013, reporting a material definitive agreement and other events. The primary focus is the Company's entry into an Underwriting Agreement on September 24, 2013, for the issuance of $500 million in aggregate principal amount of senior notes. This issuance is divided into $250 million of 2.55% senior notes due 2018 and $250 million of 4.05% senior notes due 2023. The offering is being conducted under the Company's effective shelf registration statement filed previously. The notes are expected to be issued on September 27, 2013. This filing also includes a press release announcing the pricing of these notes, indicating active capital management by Marsh & McLennan Companies to potentially fund operations, acquisitions, or refinance existing debt.
Key Highlights
- 1Marsh & McLennan Companies entered into an Underwriting Agreement on September 24, 2013.
- 2The agreement is for the issuance of $500 million in aggregate principal amount of senior notes.
- 3The notes are comprised of $250 million of 2.55% senior notes due 2018.
- 4The notes also include $250 million of 4.05% senior notes due 2023.
- 5The offering is being conducted under an effective shelf registration statement.
- 6The notes are expected to be issued on September 27, 2013.
- 7The filing includes a press release announcing the pricing of the notes.