Willis Towers Watson PLC 8-K Filing - Debt Offering
Willis Towers Watson Public Limited Company, through its subsidiary Willis North America Inc., has completed an offering of senior notes, raising approximately $990 million. The offering includes $700 million in 4.550% Senior Notes due 2031 and $300 million in 5.150% Senior Notes due 2036. These notes are fully and unconditionally guaranteed by the parent company and other subsidiaries. The proceeds are intended to fund the acquisition of Newfront, repay existing debt, and for general corporate purposes. If the Newfront acquisition does not close, the proceeds will be used to repay the 4.400% senior notes due 2026 and redeem the 2036 Notes. The filing details the terms of the notes, including interest rates, maturity dates, redemption provisions, and events of default. Opinions of counsel regarding the validity of the notes and guarantees are also included as exhibits.