Aon Plc, Aon Corporation, Aon UK Limited, Aon Global Holdings plc and Aon Global Limited Entered into Credit Agreement with Citibank, N.A
September 30, 2021 at 02:02 pm
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On September 28, 2021, Aon plc, Aon Corporation, Aon UK Limited, Aon Global Holdings plc and Aon Global Limited entered into a Credit Agreement with Citibank, N.A., as administrative agent, the lenders party thereto (collectively, the Revolving Lenders"), HSBC Bank USA, National Association, and Morgan Stanley Senior Funding Inc., as syndication agents, and Citibank, HSBC Securities (USA) Inc., and Morgan Stanley Senior Funding Inc., as joint lead arrangers and joint bookrunners, pursuant to which, subject to the conditions set forth in the Revolving Credit Agreement, the Revolving Lenders committed to provide a $1,000,000,000 unsecured revolving credit facility. The Revolving Credit Agreement replaces Parent's $900,000,000 revolving loan credit facility dated as of February 2, 2015, which was scheduled to mature on February 2, 2022.
Aon plc is the world leader in risk management and insurance brokerage. The activity is organized around two sectors of activity:
- risk management and insurance and reinsurance brokerage: risk management (business risks, environmental risks, retraining and restructuring risks, etc.), and implementation of insurance plans for civil liability, property damage, etc.;
- human capital consulting services: consulting services regarding remuneration, company benefits, recruiting, retirement, etc.
Net sales are distributed geographically as follows: the United States (44.3%), Americas (9.4%), United Kingdom (13.6%), Ireland (0.8%), Europe/Middle East/Africa (20%) and Asia/Pacific (11.9%).