debt
confidence high
sentiment neutral
materiality 0.50
Aon amends credit agreement: extends maturity to Oct 2024, adopts SOFR
Aon plc
- Facility termination date extended from Oct 19, 2023 to Oct 19, 2024.
- LIBOR replaced with SOFR as benchmark interest rate; includes customary fallback provisions.
- Pricing modified per Amendment No. 3; aggregate commitment unchanged at $750M.
- Extension fee of 0.02% of each consenting lender's Commitments paid on effective date.