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Willis Towers Watson Subsidiary Prices $1 Billion Senior Notes Offering

BY MT Newswires | CORPORATE | 12/16/25 03:57 AM EST

03:57 AM EST, 12/16/2025 (MT Newswires) -- Willis Towers Watson (WTW) said late Monday its Willis North America unit priced a $1 billion debt offering, consisting of $700 million of 4.55% senior unsecured notes due 2031 and $300 million of 5.15% senior unsecured notes due 2036.

The company said proceeds from the offering, expected to close on Dec. 22, along with other funding sources, will help pay for the Newfront acquisition and related costs, and to repay $550 million of 4.4% senior notes due 2026, fully retiring that debt.

If the Newfront acquisition does not close, the company said it plans to use the proceeds and cash on hand to repay the 2026 notes and redeem the 2036 notes under a special mandatory redemption, with any remaining funds used for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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