Willis Towers Watson issues $1B in senior notes to fund Newfront acquisition & refinance debt

WILLIS TOWERS WATSON PLC

Issued $700M 4.550% notes due 2031 and $300M 5.150% notes due 2036; net proceeds ~$990M.
Proceeds intended for Newfront acquisition and to repay $550M of 4.400% notes due 2026.
If Newfront acquisition does not close, proceeds repay 2026 notes and trigger special mandatory redemption of 2036 notes.
Notes are senior unsecured obligations guaranteed by parent and several subsidiaries.
Interest payable semi-annually starting Sept 15, 2026; maturities March 15, 2031 and 2036.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WILLIS TOWERS WATSON PLC entered into Ninth Supplemental Indenture with Computershare Trust Company, National Association (effective 2025-12-22).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association
Effective: 2025-12-22

Exact text from the filing

The Notes were issued pursuant to a base indenture, as amended, supplemented or otherwise modified from time to time, dated as of May 16, 2017, among the Issuer, the Guarantors and Computershare Trust Company, National Association (the “Trustee”), as successor to Wells Fargo Bank, National Association, as trustee, as amended by the ninth supplemental indenture, dated as of December 22, 2025, among the Issuer, the Guarantors and the Trustee.

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

WILLIS TOWERS WATSON PLC filing history →

Source: SEC EDGAR

accession 0001193125-25-328864

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.