05:02 PM EDT, 04/02/2024 (MT Newswires) -- Aon (AON) said late on Tuesday that its wholly owned subsidiary, Randolph Acquisition, started cash tender offers for senior notes of varying maturities issued by NFP.
Aon agreed on Dec. 20 to buy NFP, a property and casualty broker, for $13.4 billion in cash and stock.
Aon said the tender offers are for 6.875% senior notes due 2028, 4.875% senior secured notes due 2028, 7.5% senior secured notes due 2030 and 8.5% senior secured notes due 2031.
The early tender deadline is April 15, and each offer will expire on April 30 unless earlier terminated.