Marsh spent $98m integrating JLT last quarter
The $5.6bn deal completed on 1 April this year as the business flags a flat EMEA performance.
Results for the second quarter of 2019 revealed that Marsh spent $98m (£90m) during the period to integrate the $5.6bn JLT deal.
It is the first time results have shown the impact of JLT on Marsh’s overall numbers.
In addition, the business spent $150m in costs related to the transaction and debt refinancing.
The company also repaid JLT’s $450m revolving credit facility with proceeds from 2019 debt issuances. The remaining $550m of senior notes assumed was refinanced in the quarter using
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