UPDATE: Marsh & McLennan Companies Announces Proposed $250 Million Senior Notes Offering
Marsh & McLennan Companies, Inc. announced today that it intends, subject to market and other conditions, to offer $250 million in aggregate principal amount of senior notes due 2017 in an offering registered under the United States Securities Act of 1933, as amended. The Company intends to use the net proceeds for the repayment of its existing $250 million aggregate principal amount of 6.25% senior notes due March 2012. Barclays Capital and HSBC are acting as joint book-running managers for the offering.
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