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Willis Group's Trinity to sell notes due 2023, 2043 on Thursday
By Aleesia Forni
Virginia Beach, Va., Aug. 8 - Willis Group is planning to price a two-part offering of notes due 2023 and 2043 on Thursday, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be issued by Trinity Acquisition plc and guaranteed by Willis Group Holdings plc, Willis Netherlands Holdings BV, Willis Investment UK Holdings Ltd., TA I Ltd., Willis Group Ltd. and Willis North America Inc.
Barclays, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Lloyds Securities, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the joint bookrunners for the deal.
Proceeds, together with cash on hand, will be used to purchase outstanding notes of Willis North America that are validly tendered and accepted for payment under the company's tender offer.
Remaining proceeds will be used for general corporate purposes.
Willis Group is a global risk adviser and insurance and reinsurance broker based in London.
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