Insurance broker, Willis Group, will raise $750 million through a two-part debt offering, The Wall Street Journal reports. The notes, maturing in five-years, will be sold at a spread of 230 basis points, while the notes, maturing in 10 years, will be sold at a spread of 255 basis points. The company may use the proceeds for general corporate purposes, which could include the repayment of remaining debt securities, including the company’s $500 million 12.875% notes, due in 2016. The joint bookrunners for the transaction are Barclays, Goldman Sachs and Morgan Stanley.
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