Marsh & McLennan $750 million senior notes offering
Davis Polk advised Marsh & McLennan Companies, Inc. in connection with its SEC-registered offering of $750 million of its 2.250% senior notes due 2030. MMC will use the net proceeds from the offering for general corporate purposes, including paying down a portion of its borrowings under its revolving credit facility.
Marsh & McLennan Companies, Inc. is a global professional services firm offering clients advice and solutions in risk, strategy and people. Its businesses include: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and investment-related financial advice and services, and Oliver Wyman Group, the management, economic and brand consultancy. With 76,000 colleagues worldwide and annual revenue of $17 billion, MMC provides analysis, advice and transactional capabilities to clients in more than 130 countries.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Jennifer Ying Lan and Ryan Lewis. Partner William A. Curran and associate Eitan Ulmer provided tax advice. Associate Matthew R. Silver provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.