Marsh & McLennan renews $4.25B credit line
Marsh & McLennan Companies entered into a new Amended and Restated 5 Year Credit Agreement providing a multi-currency, unsecured $4.25 billion five-year revolving credit facility.
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Form Type
8-K
Rhea-AI Filing Summary
Marsh & McLennan Companies entered into a new Amended and Restated 5 Year Credit Agreement providing a multi-currency, unsecured $4.25 billion five-year revolving credit facility. The interest rate is based on Term SOFR plus a fixed margin that varies with the company’s credit ratings.
The new facility expires in June 2031 and requires Marsh & McLennan to maintain specified coverage and leverage ratios that are tested quarterly. In connection with this agreement, the company terminated its prior multi-currency unsecured $3.5 billion five-year revolving credit facility dated October 11, 2023.
8-K Event Classification
3 items: 1.01, 1.02, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
New revolving credit facility size: $4.25 billion
New facility term: Five years, expires June 2031
Prior facility size: $3.5 billion
+3 more
6 metrics
New revolving credit facility size
$4.25 billion
Multi-currency unsecured five-year revolving credit facility
New facility term
Five years, expires June 2031
Amended and Restated 5 Year Credit Agreement
Prior facility size
$3.5 billion
Terminated multi-currency unsecured five-year revolving credit facility dated October 11, 2023
Interest benchmark
Term SOFR plus fixed margin
Margin varies with Marsh & McLennan’s credit ratings
Covenant testing frequency
Quarterly
Coverage and leverage ratios tested under the Credit Agreement
Agreement date
June 2, 2026
Date of Amended and Restated 5 Year Credit Agreement and facility termination
Key Terms
multi-currency unsecured $4.25 billion five-year revolving credit facility, Term SOFR, coverage and leverage ratios, Material Definitive Agreement, +1 more
5 terms
multi-currency unsecured $4.25 billion five-year revolving credit facility financial
"The Credit Agreement provides for a multi-currency unsecured $4.25 billion five-year revolving credit facility"
Term SOFR financial
"The interest rate on the New Facility is based on Term SOFR plus a fixed margin"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
coverage and leverage ratios financial
"requires the Company to maintain certain coverage and leverage ratios which are tested quarterly"
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
off-balance sheet arrangement regulatory
"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"
An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What new credit facility did Marsh & McLennan (MRSH) enter into?
Marsh & McLennan entered a new Amended and Restated 5 Year Credit Agreement providing a multi-currency, unsecured $4.25 billion revolving credit facility. This five-year line supports liquidity needs across domestic and foreign subsidiaries under standardized terms.
When does Marsh & McLennan’s new $4.25 billion credit facility expire?
The new $4.25 billion revolving credit facility for Marsh & McLennan expires in June 2031. The agreement runs for five years from June 2, 2026, providing medium-term committed bank financing for the company and designated subsidiaries.
How is interest determined under Marsh & McLennan’s new credit agreement?
Interest under Marsh & McLennan’s new facility is based on Term SOFR plus a fixed margin that varies with the company’s credit ratings. This structure links borrowing costs directly to the firm’s maintained credit quality over the life of the agreement.
What prior credit facility did Marsh & McLennan (MRSH) terminate?
On June 2, 2026, Marsh & McLennan terminated its multi-currency unsecured $3.5 billion five-year revolving credit facility dated October 11, 2023. The termination occurred in connection with entering the larger replacement credit agreement.
What financial covenants apply to Marsh & McLennan’s new credit facility?
The new credit facility requires Marsh & McLennan to maintain certain coverage and leverage ratios tested quarterly. These financial covenants help lenders monitor the company’s ability to service obligations and manage overall indebtedness levels over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement
On June 2, 2026, Marsh & McLennan Companies, Inc. (the “Company”) and certain of its domestic and foreign subsidiaries entered into a new Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among the Company, as borrower, the designated subsidiaries party thereto as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto (the “Credit Agreement”). The Credit Agreement provides for a multi-currency unsecured $4.25 billion five-year revolving credit facility (the “New Facility”). The interest rate on the New Facility is based on Term SOFR plus a fixed margin which varies with the Company’s credit ratings. The New Facility expires in June 2031 and requires the Company to maintain certain coverage and leverage ratios which are tested quarterly. The foregoing summary of the Credit Agreement is only a summary and is subject to, and qualified in its entirety by, the full text of the Credit Agreement, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.
Item 1.02 Termination of a Material Definitive Agreement
In connection with the New Facility, on June 2, 2026, the Company terminated its multi-currency unsecured $3.5 billion five-year revolving credit facility under the Amended and Restated 5 Year Credit Agreement, dated as of October11, 2023, among the Company, as borrower, the designated subsidiaries party thereto, as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On June 2, 2026 the Company entered into the Credit Agreement as described under Item 1.01 above. The description of the Credit Agreement set forth in Item 1.01 above is incorporated into this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among Marsh & McLennan Companies, Inc. the designated subsidiaries party thereto as borrowers, Citibank N.A., as administrative agent, and the lenders from time to time party thereto.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MARSH & McLENNAN COMPANIES, INC. | ||||||||
| By: | /s/ Connor Kuratek | |||||||
| Name: | Connor Kuratek | |||||||
| Title: | Deputy General Counsel and Corporate Secretary | |||||||
Date: June 3, 2026
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