| Item 1.01 | Entry into a Material Definitive Agreement |
2029 Notes Offering
On March 20, 2019, Marsh & McLennan Companies, Inc. (the “Company”) entered into an underwriting agreement (attached hereto as Exhibit 1.1 and incorporated herein by reference) with Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Company $250 million aggregate principal amount of its 4.375% Senior Notes due 2029 (the “2029 Notes”). The 2029 Notes constitute a further issuance of the 4.375% Senior Notes due 2029, of which the Company issued $1.25 billion aggregate principal amount on January 15, 2019.
The 2029 Notes were registered under the Company’s effective shelf registration statement (the “Registration Statement”) on FormS-3 (RegistrationNo. 333-226427) under the Securities Act of 1933, as amended, as filed with the Securities and Exchange Commission on July 30, 2018 and are being offered by means of the Company’s prospectus dated July 30, 2018, as supplemented by the prospectus supplement dated March 20, 2019.
The closing of the sale of the 2029 Notes is expected to occur on March 27, 2019, subject to the satisfaction of customary closing conditions. The 2029 Notes will be issued pursuant to the indenture dated July 15, 2011, by and between the Company and The Bank of New York Mellon, as trustee (the “Trustee”), filed as Exhibit 4.1 to the Company’s Quarterly Report on Form10-Q for the quarter ended June 30, 2011 (the “Base Indenture”), as supplemented by the Eleventh Supplemental Indenture by and between the Company and the Trustee, dated January 15, 2019, filed as Exhibit 4.1 to the Company’s Current Report on Form10-K dated January 15, 2019.
The foregoing description of the underwriting agreement is qualified in its entirety by the underwriting agreement included as Exhibit 1.1 hereto and incorporated by reference herein.
Euro Notes Offering
On March 21, 2019, the Company closed its previously announced sale of €550 million aggregate principal amount of its 1.349% Senior Notes due 2026 and €550 million aggregate principal amount of its 1.979% Senior Notes due 2030 (together, the “Euro Notes”).
The Euro Notes were registered under the Company’s Registration Statement and were offered by means of the Company’s prospectus dated July 30, 2018, as supplemented by the prospectus supplement dated March 14, 2019.
The Euro Notes were issued on March 21, 2019 pursuant to the Base Indenture, as supplemented by a Twelfth Supplemental Indenture (the “Supplemental Indenture”), dated as of March 21, 2019, by and between the Company and the Trustee (attached hereto as Exhibit 4.1 and incorporated herein by reference). The forms of the Euro Notes are attached hereto as Exhibits 4.2 and 4.3 and are incorporated herein by reference. In connection with the closing of the offering of the Euro Notes, the Company also entered into a Paying Agency Agreement (the “Paying Agency Agreement”), dated as of March 21, 2019, with The Bank of New York Mellon, London Branch, as paying agent (attached hereto as Exhibit 4.4 and incorporated herein by reference).
