Aon prices USD 13.5 billion multi-tranche senior notes offering - AON News | RalliesAon prices USD 13.5 billion multi-tranche senior notes offering
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AON• Aon prices USD 13.5 billion senior notes offering
- Aon priced a USD 13.5 billion multi-tranche senior notes offering, led by USD 11.5 billion of USI Acquisition Notes.
- Tranches include 5.35% due 2029, 5.63% due 2031, 5.8% due 2033, 5.95% due 2036, 6.1% due 2038.
- Additional tranches include 6.45% due 2046, 6.45% due 2056; notes are senior unsecured, guaranteed by group entities.
- Net proceeds about USD 13.4 billion; earmarked for general corporate purposes, mainly funding the planned USI Advantage acquisition.
- If the USI deal fails by the specified deadline, Aon must redeem the USI Acquisition Notes at 101% of principal.
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