Marsh owners reveal $5bn debt plans for JLT deal
Six tranches of bonds the longest dated for 2049.
Marsh & McLennan Companies, (MMC) has announced the pricing for six different bonds to fund the takeover of Jardine Lloyd Thompson (JLT).
The global broker agreed in September to pay $5.6bn [£4.3bn] for JLT in a deal expected to complete this Spring.
The negotiations behind the buy lasted just 11 days.
The combined company will have over $17bn of revenue with 75,000 staff around the world, however the takeover has put 3,750 jobs in danger.
Rates
MMC stated in the latest update that the bonds
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