WTW Prices Offering of $750,000,000 of Senior Notes
Willis Towers Watson (NASDAQ: WTW) announced a registered offering of $750 million in 4.650% senior unsecured notes due 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Willis Towers Watson (NASDAQ: WTW) announced a registered offering of $750 million in 4.650% senior unsecured notes due 2027. The offering is conducted by its subsidiary, Willis North America, with the company guaranteeing payments. The proceeds will be used primarily to repay about €540 million of 2.125% senior notes due 2022 and for general corporate purposes. The offering is expected to close on May 19, 2022, pending customary conditions.
Positive
- Successful pricing of $750 million in senior unsecured notes.
- Intended use of proceeds to repay existing debt, enhancing financial stability.
Negative
- None.
Details
News Market Reaction – WTW
The recorded move for WTW in the trading session of this news was +2.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ARLINGTON, Va. and LONDON, May 12, 2022 (GLOBE NEWSWIRE) -- Willis Towers Watson Public Limited Company (NASDAQ: WTW) (the “Company” or “WTW”), a leading global advisory, broking and solutions company, today announced the pricing of a registered offering (the “Offering”) by Willis North America Inc. (“Willis North America”), an indirect wholly-owned subsidiary of the Company, of
Willis North America intends to use the net proceeds of the Offering to (i) repay approximately
The Offering was made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. The Offering may be made only by means of a prospectus supplement and accompanying prospectus. Interested parties may obtain copies of the prospectus and prospectus supplement by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, HSBC Securities (USA) Inc. toll-free at 1-888-525-5757, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
About WTW
At WTW, we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Contact
INVESTORS
Claudia De La Hoz | Claudia.Delahoz@wtwco.com
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