debt
confidence high
sentiment neutral
materiality 0.50
WTW subsidiary prices $750M of 5.900% senior notes due 2054; proceeds to repay 2024 notes
WILLIS TOWERS WATSON PLC
- Willis North America Inc. priced $750M aggregate principal of 5.900% senior unsecured notes due 2054; net proceeds ~$739M.
- Proceeds to repay $650M of 3.600% Senior Notes due 2024 and related accrued interest; remaining for general corporate purposes.
- Notes are fully and unconditionally guaranteed by WTW and certain subsidiary entities.
- Offering expected to close on March 5, 2024, subject to customary closing conditions.