05:29 AM EDT, 10/31/2024 (MT Newswires) -- Marsh & McLennan ( MMC ) said late Wednesday it priced an offering of $7.25 billion of senior notes in multiple series.

The offering consists of $950 million of 4.55% senior notes due 2027, $1 billion of 4.65% senior notes due 2030, $1 billion of 4.85% senior notes due 2031, $2 billion of 5% senior notes due 2035, $500 million of 5.35% senior notes due 2044, $1.5 billion of 5.4% senior notes due 2055 and $300 million of floating rate senior notes due 2027.

Net proceeds will be used to partially fund the acquisition of the parent company of McGriff Insurance Services in a deal expected to close by year-end 2024, as well as for general corporate purposes, Marsh & McLennan ( MMC ) said.

The offering is expected to close on Nov. 8, subject to customary conditions.

Price: 222.18, Change: +1.16, Percent Change: +0.52