Financing ·
Aon issues $13.5 billion of senior unsecured notes to fund acquisition of USI Advantage Corp
AONAon plc
Aon plc announced the issuance of $13.5 billion in aggregate principal amount of senior unsecured notes to fund its acquisition of USI Advantage Corp. The offering includes $2 billion of 5.35% Notes due 2029, $3 billion of 5.625% Notes due 2031, $2 billion of 5.80% Notes due 2033, $2.75 billion of 5.95% Notes due 2036, $1 billion of 6.10% Notes due 2038, and $750 million of 6.45% Notes due 2046, plus $2 billion of 6.45% Notes due 2056. Proceeds will pay cash consideration for the USI Acquisition, repay USI debt, and cover transaction expenses. The company operates in the insurance brokerage and risk management industry.