JLT costs reach $6.8bn at Marsh
Financial results also show that revenue grew 10.2% at Marsh in 2019.
Marsh & McLennan is carrying $6.8bn (£5.2bn) in debt relating to its purchase of JLT, full-year financial results for 2019 have revealed.
The firm issued $6.1bn in notes to fund the acquisition across January and March 2019, as well as covering “related fees and expenses” and “certain JLT indebtedness”.
Interest on the debt has since totalled $0.7bn.
Marsh & McLennan agreed to buy JLT for $5.6bn in September 2018, and the deal completed in April 2019.
Growth
Revenue grew 10.2% and income
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