Marsh & McLennan has announced that it has priced $250 million of 2.30 percent senior notes, that are due 2017.
The net proceeds of these notes will be used to repay the company’s existing $250 million aggregate principal amount of 6.25 percent senior notes, that are due March 2012.
Marsh & McLennan has indicated that the closing of the notes offering is expected to occur on March 12, 2012, subject to certain customary conditions.
Barclays Capital and HSBC are acting as joint book-running managers for the offering. BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley and Wells Fargo Securities are acting as co-managers for the offering.
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Marsh & McLennan