WTW Prices Offering of $750,000,000 of Senior Notes
28 Fevereiro 2024 - 11:22AM
Willis Towers Watson Public Limited Company (NASDAQ: WTW) (the
“Company” or “WTW”), a leading global advisory, broking and
solutions company, today announced the pricing of a registered
offering (the “Offering”) by Willis North America Inc. (“Willis
North America”), an indirect wholly-owned subsidiary of the
Company, of $750,000,000 aggregate principal amount of 5.900%
senior unsecured notes due 2054 (the “notes”). Payment of principal
and interest on the notes will be fully and unconditionally
guaranteed by the Company, and certain direct and indirect
subsidiary entities of the Company. The Company expects the
Offering to close on March 5, 2024, subject to the satisfaction of
customary closing conditions.
Willis North America intends to use the net
proceeds of the Offering to (i) repay approximately $650 million
aggregate principal amount of the 3.600% Senior Notes due 2024 and
related accrued interest, when due, which will result in the
repayment in full of the 3.600% Senior Notes due 2024, and (ii) for
general corporate purposes. The joint book-running managers for the
Offering are BNP Paribas Securities Corp., BofA Securities, Inc.,
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P.
Morgan Securities LLC, Barclays Capital Inc., PNC Capital Markets
LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC. The
co-managers for the Offering are BMO Capital Markets Corp., Goldman
Sachs & Co. LLC, Lloyds Securities Inc., M&T Securities,
Inc., MUFG Securities Americas Inc., Santander US Capital Markets
LLC, Standard Chartered Bank and TD Securities (USA) LLC.
The Offering was made pursuant to an effective
shelf registration statement on file with the Securities and
Exchange Commission. The Offering may be made only by means of a
prospectus supplement and accompanying prospectus. Interested
parties may obtain copies of the prospectus and prospectus
supplement by calling BNP Paribas Securities Corp. at
1-800-854-5674, BofA Securities, Inc. toll-free at 1-800-294-1322,
Citigroup Global Markets Inc. at 1-800-831-9146, HSBC Securities
(USA) Inc. at 1-866-811-8049 or J.P. Morgan Securities LLC collect
at 1-212-834-4533.
This press release does not constitute an offer
to sell or purchase, or a solicitation of an offer to sell or
purchase, any securities. No offer, solicitation, purchase or sale
will be made in any jurisdiction in which such an offer,
solicitation or sale would be unlawful.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven,
insight-led solutions in the areas of people, risk and capital.
Leveraging the global view and local expertise of our colleagues
serving 140 countries and markets, we help organizations sharpen
their strategy, enhance organizational resilience, motivate their
workforce and maximize performance.
Working shoulder to shoulder with our clients,
we uncover opportunities for sustainable success—and provide
perspective that moves you.
Contact
INVESTORS
Claudia De La Hoz |
Claudia.Delahoz@wtwco.com
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