debt
confidence high
sentiment neutral
materiality 0.55
Willis Towers Watson issues $750M 5.900% Senior Notes due 2054; proceeds to repay 2024 notes
WILLIS TOWERS WATSON PLC
- Willis North America Inc. issued $750M aggregate principal of 5.900% Senior Notes due March 5, 2054.
- Net proceeds after underwriting discount and expenses ~$739M.
- Issuer will use ~$650M to repay its 3.600% Senior Notes due 2024, plus accrued interest, retiring them in full.
- Remaining proceeds for general corporate purposes.
- Notes are senior unsecured obligations, guaranteed by Willis Towers Watson PLC and other subsidiaries.