Marsh McLennan $750 million senior notes offering
Davis Polk advised Marsh McLennan in connection with its SEC-registered offering of $400 million of its 2.375% senior notes due 2031 and $350 million of its 2.900% senior notes due 2051. MMC will use the net proceeds from the offering for general corporate purposes, including the potential repayment or redemption of $500 million of its 2.750% senior notes due 2022.
Marsh McLennan is the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 81,000 colleagues advise clients in 130 countries. With annual revenue over $19 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr., counsel Jennifer Ying Lan and associate Prince Kudolo. Partner William A. Curran and associate Eitan Ulmer provided tax advice. Associate Leon E. Salkin provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.