Marsh & McLennan Companies, Inc. (MMC) announced today that it has
priced a public offering of $400 million of 9.25% senior notes due 2019.
MMC intends to use the net proceeds from the offering to repay its
$400,000,000 7.125% senior notes due June 2009. The offering is expected
to close March 23, 2009.
Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc. acted as Joint Book-Running Managers.
A copy of the prospectus supplement and the accompanying prospectus
relating to the offering may be obtained from: (i) Banc of America
Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd
Floor, New York, NY 10001, by phone: 800-294-1322 or by e-mail: dg.prospectus_distribution@bofasecurities.com,
(ii) Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220, by phone: 877-858-5407 or by fax:
718-765-6734 and/or (iii) J. P. Morgan Securities Inc., 270 Park Ave.,
8th Floor, Attention: Syndicate Desk, New York, NY 10017, by phone:
212-834-4533.
The shelf registration statement relating to the foregoing has
previously been filed with the Securities and Exchange Commission. These
securities may not be sold nor may offers to buy be accepted prior to
the time that the prospectus and related prospectus supplement are
delivered in final form.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation, or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state.
MMC is a global professional services firm providing advice and
solutions in the areas of risk, strategy and human capital. It is the
parent company of a number of the world’s leading risk experts and
specialty consultants, including Marsh, the insurance broker and risk
advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the
provider of HR and related financial advice and services; Oliver Wyman,
the management consultancy; and Kroll, the risk consulting firm. With
more than 54,000 employees worldwide and annual revenue exceeding $11
billion, MMC provides analysis, advice and transactional capabilities to
clients in more than 100 countries. Its stock (ticker symbol: MMC) is
listed on the New York, Chicago and London stock exchanges. MMC’s
website address is www.mmc.com.
MMC
Media:
Laura Cora, 212-345-2731
laura.cora@mmc.com
or
Investors:
Mike
Bischoff, 212-345-5470
jmichael.bischoff@mmc.com
