Marsh & McLennan Companies’ $5 Billion Senior Notes Offering

Willkie advised the joint lead bookrunners and the other underwriters on the transaction

Marsh & McLennan Companies, Inc. announced the pricing of its $5 billion Senior Notes offering, comprising: 1) $700 million aggregate principal amount of its 3.500% Senior Notes due 2020, 2) $1,000 million aggregate principal amount of its 3.875% Senior Notes due 2024, 3) $1,250 million aggregate principal amount of its 4.375% Senior Notes due 2029, 4) $500 million aggregate principal amount of its 4.750% Senior Notes due 2039, 5) $1,250 million aggregate principal amount of its 4.900% Senior Notes due 2049 and 6) $300 million aggregate principal amount of its Floating Rate Senior Notes due 2021.

Willkie represented joint lead bookrunners Goldman Sachs & Co LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. and the other underwriters in the transaction. The offering is expected to close on January 15, 2019.

With annual revenue over $14 billion, Marsh & McLennan is the world’s leading professional services firm in the areas of risk, strategy and people. The company’s nearly 65,000 colleagues advise clients in over 130 countries.

The Willkie deal team was led by partner Jeffrey Hochman (Picture) and included counsel Martin Miller and associates Frances Dales and Yoon Jung.

Involved fees earner: Frances Dales – Willkie Farr & Gallagher; Yoon Ho Jung – Willkie Farr & Gallagher; Jeffrey Hochman – Willkie Farr & Gallagher; Martin Miller – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Bank of America Merrill Lynch; Citigroup Global Markets Ltd; Deutsche Bank Securities; Goldman Sachs & Co.;