debt
confidence high
sentiment neutral
materiality 0.50
Willis Towers Watson subsidiary issues $750M 4.650% Senior Notes due 2027
WILLIS TOWERS WATSON PLC
- Issued $750M aggregate principal of 4.650% Senior Notes due June 15, 2027.
- Net proceeds of ~$744M after underwriting discount and expenses.
- Proceeds used to repay €540M of 2.125% Senior Notes due 2022 and for general corporate purposes.
- Notes are fully and unconditionally guaranteed by Willis Towers Watson and several affiliates.
- Interest payable semi-annually on June 15 and December 15, starting December 15, 2022.