Davis Polk advised Marsh & McLennan Companies, Inc. in connection with its SEC-registered offering of $5 billion aggregate principal amount of its $700 million aggregate principal amount of its 3.500% senior notes due 2020, $1 billion aggregate principal amount of its 3.875% senior notes due 2024, $1.25 billion aggregate principal amount of its 4.375% senior notes due 2029, $500 million aggregate principal amount of its 4.750% senior notes due 2039, $1.25 billion aggregate principal amount of its 4.900% senior notes due 2049 and $300 million aggregate principal amount of its floating-rate senior notes due 2021. MMC will use the net proceeds from the offering to fund, in part, its pending acquisition of Jardine Lloyd Thompson Group plc., including the payment of related fees and expenses, and to repay certain JLT indebtedness, as well as for general corporate purposes.
MMC is the world's leading professional services firm in the areas of risk, strategy and people. The company's approximately 65,000 colleagues advise clients in over 130 countries. With annual revenue over $14 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. 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 meet the health, wealth and career needs of 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. and associates Jennifer Ying Lan, Chris Van Buren and Dmitriy Molchanov. Partner William A. Curran and associate Eitan Ulmer provided tax advice. Associate J. Taylor Arabian provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.