debt
confidence high
sentiment neutral
materiality 0.50
Willis Towers Watson subsidiary prices $750M 4.65% Senior Notes due 2027
WILLIS TOWERS WATSON PLC
- Principal amount $750M, interest rate 4.650%, maturity 2027; closing expected May 19, 2022.
- Net proceeds approximately $744M after underwriting discount and expenses.
- Proceeds to repay €540M 2.125% Senior Notes due 2022 in full and for general corporate purposes.
- Notes fully and unconditionally guaranteed by WTW and certain direct/indirect subsidiaries.
- Joint book-running managers: Citigroup, HSBC, J.P. Morgan, Wells Fargo, among others.