secwatch / observer
8-K filed October 24, 2023, 7:59 PM ET ticker AON CIK 0000315293
debt confidence high sentiment neutral materiality 0.25

Aon plc (AON): debt financing — Aon enters $1B revolver, replaces $750M facility, maturity 2028

Aon plc

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Aon plc incurred revolving credit of $1,000,000,000 with Citibank, N.A. at adjusted term SOFR rate or an alternate base rate, in each case, plus an applica maturing October 19, 2028.

Instrument
revolving credit
Principal
$1,000,000,000
Counterparty
Citibank, N.A.
Rate
adjusted term SOFR rate or an alternate base rate, in each case, plus an applica
Maturity
October 19, 2028
Event
incurrence
Exact text from the filing
the Revolving Lenders committed to provide a $1,000,000,000 unsecured revolving credit facility
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aon plc terminated Prior Revolving Credit Agreement with Parent, Aon US, AGH, and AGL valued at $750,000,000 revolving credit facility (effective 2023-10-19).

Action
termination
Agreement
credit facility
Counterparty
Parent, Aon US, AGH, and AGL
Value
$750,000,000 revolving credit facility
Effective
2023-10-19
Exact text from the filing
The Revolving Credit Agreement replaces the $750,000,000 revolving credit facility of Parent, Aon US, AGH, and AGL dated as of October 19, 2017, which was scheduled to mature on October 19, 2024.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aon plc entered into Revolving Credit Agreement with Citibank, N.A., as administrative agent, the lenders party thereto, Morgan Stanley Senior Funding, Inc. and HSBC Bank USA, National Association, as syndication agents, and Citibank, Morgan Stanley Senior Funding, Inc. and HSBC Securities (USA) Inc., as joint lead arrangers and joint bookrunners valued at $1,000,000,000 unsecured revolving credit facility (effective 2023-10-19).

Action
entry
Agreement
credit facility
Counterparty
Citibank, N.A., as administrative agent, the lenders party thereto, Morgan Stanley Senior Funding, Inc. and HSBC Bank USA, National Association, as syndication agents, and Citibank, Morgan Stanley Senior Funding, Inc. and HSBC Securities (USA) Inc., as joint lead arrangers and joint bookrunners
Value
$1,000,000,000 unsecured revolving credit facility
Effective
2023-10-19
Exact text from the filing
On October 19, 2023, Aon plc (“Parent”), Aon Corporation (“Aon US”), Aon Global Holdings plc (“AGH”), Aon Global Limited (“AGL”) and Aon North America, Inc. (“ANA”) entered into a Credit Agreement (the “Revolving Credit Agreement”) with Citibank, N.A. (“Citibank”), as administrative agent, the lenders party thereto (collectively, the “Revolving Lenders”), Morgan Stanley Senior Funding, Inc. and HSBC Bank USA, National Association, as syndication agents, and Citibank, Morgan Stanley Senior Funding, Inc. and HSBC Securities (USA) Inc., as joint lead arrangers and joint bookrunners, pursuant to which, subject to the conditions set forth in the Revolving Credit Agreement, the Revolving Lenders committed to provide a $1,000,000,000 unsecured revolving credit facility.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aon plc amended Amendment No. 2 to the Credit Agreement with Parent, Aon US, Aon UK Limited, AGH, AGL, ANA, Citibank, as administrative agent, and the other parties thereto (effective 2023-10-19).

Action
amendment
Agreement
credit facility
Counterparty
Parent, Aon US, Aon UK Limited, AGH, AGL, ANA, Citibank, as administrative agent, and the other parties thereto
Effective
2023-10-19
Exact text from the filing
Also on October 19, 2023, Parent, Aon US, Aon UK Limited (“AUKL”), AGH, AGL, ANA, Citibank, in its capacity as administrative agent, and the other parties thereto entered into Amendment No. 2 to the Credit Agreement (the “Amendment”) with respect to the Credit Agreement, dated September 28, 2021
View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Aon plc filing history →

Source: SEC EDGAR
accession 0001193125-23-261702
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