WTW enters $1.5B revolving credit facility, maturing 2030

WILLIS TOWERS WATSON PLC

$1.5B revolving credit facility maturing October 17, 2030, replacing prior 2021 credit agreement.
Interest rates range from Term Benchmark +0.75%-1.375% or Base Rate +0%-0.375%, based on debt rating.
Commitment fee of 0.065%-0.150%; use of proceeds includes working capital, acquisitions, and refinancing.
WTW guarantees obligations; its own obligations unsecured.
Up to $150M letters of credit sublimit; swing line loans up to $300M.

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

WILLIS TOWERS WATSON PLC incurred revolving credit of $1,500,000,000 with Barclays Bank PLC, as administrative agent at Term Benchmark or Daily Simple RFR plus 0.750% to 1.375% for Term Benchmark loan maturing October 17, 2030.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: Barclays Bank PLC, as administrative agent
Rate: Term Benchmark or Daily Simple RFR plus 0.750% to 1.375% for Term Benchmark loan
Maturity: October 17, 2030
Event: incurrence

Exact text from the filing

Willis Towers Watson Public Limited Company (“WTW”), together with its wholly owned subsidiary, Trinity Acquisition plc (“TA”) and its indirect subsidiary, Willis North America Inc., a Delaware corporation (“WNA” and together with TA, the “Borrowers”) entered into a $1,500,000,000 revolving credit facility (the “Credit Facility”), that will mature on October 17, 2030

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Source: SEC EDGAR

accession 0001193125-25-243617

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