WTW Prices Offering of $1,000,000,000 of Senior Notes

Core Viewpoint - Willis Towers Watson announced a registered offering of $700 million in 4.550% senior unsecured notes due 2031 and $300 million in 5.150% senior unsecured notes due 2036, with the offering expected to close on December 22, 2025 [1] Group 1: Offering Details - The total principal amount of the offering is $1 billion, consisting of $700 million in 2031 notes and $300 million in 2036 notes [1] - The notes will be fully and unconditionally guaranteed by the company and certain subsidiaries [1] Group 2: Use of Proceeds - If the Newfront acquisition closes, the net proceeds will be used to pay for the acquisition and related expenses, and to repay $550 million of 4.400% senior notes due 2026 [2] - If the Newfront acquisition does not close, the proceeds will be used to repay the 4.400% senior notes due 2026 and redeem the 2036 notes through a special mandatory redemption [2] - Any remaining proceeds will be allocated for general corporate purposes [2] Group 3: Management and Regulatory Information - The joint book-running managers for the offering include J.P. Morgan Securities, Barclays Capital, and several other financial institutions [3] - The offering is made under an effective shelf registration statement with the SEC, and interested parties can obtain the prospectus through specified contacts [3]