Issuer:
|
Willis Group Holdings Public Limited Company | |
Guarantors:
|
Willis Netherlands Holdings B.V. | |
Willis Investment UK Holdings Limited | ||
TA I Limited | ||
Trinity Acquisition plc | ||
Willis Group Limited | ||
Willis North America Inc. | ||
Ratings*:
|
Baa3 (Moodys)/BBB- (S&P) | |
Security Type:
|
Senior unsubordinated unsecured notes | |
Principal Amount:
|
$300,000,000 | |
Issue Price:
|
99.487% | |
Proceeds to Issuer (before
discount and expenses)
|
$298,461,000 | |
Trade Date:
|
March 14, 2011 | |
Settlement Date:
|
March 17, 2011 (T + 3) | |
Maturity Date:
|
March 15, 2016 | |
Coupon:
|
4.125% | |
Interest Payment Dates:
|
Semi-annually on March 15 and September 15 of each year, commencing on September 15, 2011 | |
Yield to Maturity:
|
4.240% | |
Treasury Benchmark:
|
2.125% due February 29, 2016 | |
Treasury Yield:
|
1.990% | |
Spread to Benchmark Treasury:
|
225 basis points (2.250%) | |
Optional Redemption:
|
The Issuer may redeem the notes in whole at any time or in part from time to time, at the Issuers option, at a redemption price equal to the greater of: | |
100% of the principal amount of the
notes being redeemed; and |
||
The remaining scheduled payments of
principal and interest on the notes being
redeemed (not including any portion of such
payments of interest accrued to the date of
redemption) discounted to the date of redemption
on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the
applicable Treasury Rate plus 35 basis points
with respect to such a redemption of the notes. |
||
In the case of any such redemption, the Issuer will also pay accrued and unpaid interest, if any, to the redemption date. | ||
CUSIP/ISIN:
|
97063PAA2 / US97063PAA21 |
Issuer:
|
Willis Group Holdings Public Limited Company | |
Guarantors:
|
Willis Netherlands Holdings B.V. | |
Willis Investment UK Holdings Limited | ||
TA I Limited | ||
Trinity Acquisition plc | ||
Willis Group Limited | ||
Willis North America Inc. | ||
Ratings*:
|
Baa3 (Moodys)/BBB- (S&P) | |
Security Type:
|
Senior unsubordinated unsecured notes | |
Principal Amount:
|
$500,000,000 | |
Issue Price:
|
99.095% | |
Proceeds to Issuer (before
discount and expenses)
|
$495,475,000 | |
Trade Date:
|
March 14, 2011 | |
Settlement Date:
|
March 17, 2011 (T + 3) | |
Maturity Date:
|
March 15, 2021 | |
Coupon:
|
5.750% | |
Interest Payment Dates:
|
Semi-annually on March 15 and September 15 of each year, commencing on September 15, 2011 | |
Yield to Maturity:
|
5.871% | |
Treasury Benchmark:
|
3.625% due February 15, 2021 | |
Treasury Yield:
|
3.371% | |
Spread to Benchmark Treasury:
|
250 basis points (2.500%) | |
Optional Redemption:
|
The Issuer may redeem the notes in whole at any time or in part from time to time, at the Issuers option, at a redemption price equal to the greater of: | |
100% of the principal amount of the notes
being redeemed; and |
||
The remaining scheduled payments of
principal and interest on the notes being
redeemed (not including any portion of such
payments of interest accrued to the date of
redemption) discounted to the date of redemption
on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the
applicable Treasury Rate plus 40 basis points
with respect to such a redemption of the notes. |
||
In the case of any such redemption, the Issuer will also pay accrued and unpaid interest, if any, to the redemption date. | ||
CUSIP/ISIN:
|
97063PAB0 / US97063PAB04 | |
Joint Book-Running Managers:
|
Barclays Capital Inc. Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated |
|
Joint Lead Managers:
|
Willis Securities, Inc. | |
Citigroup Global Markets Inc. | ||
Merrill Lynch, Pierce, Fenner & Smith Incorporated | ||
J.P. Morgan Securities LLC | ||
Keefe, Bruyette & Woods, Inc. | ||
RBS Securities Inc. | ||
SunTrust Robinson Humphrey, Inc. | ||
Co-Managers:
|
ING Financial Markets LLC | |
Lloyds Securities Inc. | ||
Wells Fargo Securities, LLC |