debt
confidence high
sentiment neutral
materiality 0.75
Aon issues $13.5B in senior notes to fund USI acquisition; net proceeds ~$13.4B
Aon plc
- Issued $11.5B USI acquisition notes: $2B 5.35% 2029, $3B 5.625% 2031, $2B 5.8% 2033, $2.75B 5.95% 2036.
- Also issued $1B 6.10% 2038, $0.75B 6.45% 2046, and $2B 6.45% 2056; total $13.5B.
- Net proceeds ~$13.4B to fund USI acquisition cash consideration, repay USI debt, and fees.
- If USI acquisition not consummated by June 1, 2027 (extendable), USI notes redeemable at 101%.