Aon plc Discloses Senior Notes Guarantees

TL;DR

Aon plc is guaranteeing a bunch of its senior notes, including ones due in 2045 and 2054.

AI Summary

On April 16, 2024, Aon plc filed an 8-K to disclose guarantees related to its outstanding senior notes. These guarantees apply to various series of notes, including Aon plc's 4.750% Senior Notes due 2045 and Aon North America, Inc.'s 5.750% Senior Notes due 2054, among others.

Why It Matters

This filing provides transparency regarding the financial backing and obligations associated with Aon's various senior debt instruments, which is crucial for investors assessing the company's creditworthiness.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of guarantees for existing debt and does not indicate new financial distress or significant changes.

Key Numbers

• 4.750% — Senior Notes Interest Rate (Guaranteed by Aon plc, due 2045)
• 2.875% — Senior Notes Interest Rate (Guaranteed by Aon plc, due 2026)
• 5.750% — Senior Notes Interest Rate (Guaranteed by Aon North America, Inc., due 2054)
• 2045 — Maturity Year (For Aon plc's 4.750% Senior Notes)
• 2054 — Maturity Year (For Aon North America, Inc.'s 5.750% Senior Notes)

Key Players & Entities

• Aon plc (company) — Filer of the 8-K and issuer of senior notes
• Aon North America, Inc. (company) — Issuer of senior notes guaranteed by Aon plc
• Aon Corporation (company) — Former entity whose senior notes are guaranteed
• Aon Global Holdings plc (company) — Entity whose senior notes are guaranteed
• 4.750% Senior Notes due 2045 (dollar_amount) — Specific debt instrument guaranteed
• 2.875% Senior Notes due 2026 (dollar_amount) — Specific debt instrument guaranteed
• 5.750% Senior Notes due 2054 (dollar_amount) — Specific debt instrument guaranteed

FAQ

Key Financial Figures

• $0.01 — ch registered Class A Ordinary Shares, $0.01 nominal value AON New York Stock Ex

Filing Documents

• form8-k.htm (8-K) — 77KB
• ex99-1.htm (EX-99.1) — 47KB
• 0000950157-24-000614.txt ( ) — 446KB
• aon-20240415.xsd (EX-101.SCH) — 9KB
• aon-20240415_def.xml (EX-101.DEF) — 28KB
• aon-20240415_lab.xml (EX-101.LAB) — 47KB
• aon-20240415_pre.xml (EX-101.PRE) — 31KB
• form8-k_htm.xml (XML) — 30KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure As previously announced on December 20, 2023, Aon plc, an Irish public limited company (the "Company"), Randolph Acquisition Corp., a Delaware corporation and an indirect, wholly owned subsidiary of the Company ("Randolph"), and Randolph Merger Sub LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Randolph, entered into an Agreement and Plan of Merger with NFP Intermediate Holdings A Corp., a Delaware corporation ("NFP"), and NFP Parent Co, LLC, a Delaware limited liability company, pursuant to which Randolph will acquire NFP (the "Acquisition"). On April 15, 2024, the Company issued a press release announcing the early tender results with respect to the previously disclosed cash tender offers (the "Tender Offers") by Randolph to purchase any and all of the outstanding 6.875% Senior Notes due 2028, 4.875% Senior Secured Notes due 2028, 7.500% Senior Secured Notes due 2030 and 8.500% Senior Secured Notes due 2031 (collectively, the "Notes"), each issued by NFP Corp., a Delaware corporation and a wholly owned subsidiary of NFP, and the related solicitation of consents from holders of the Notes to amend the indentures governing the Notes. The press release also announced the determination of the reference yields for the pricing of the tender offers for the 7.500% Senior Secured Notes due 2030 and the 8.500% Senior Secured Notes due 2031. The Tender Offers are conditioned upon the satisfaction or waiver of conditions set forth in the Offer to Purchase, dated April 2, 2024, including the prior consummation of the Acquisition. Randolph reserves the right to amend, extend, withdraw or terminate any of the Tender Offers in its sole discretion, subject to applicable law. A copy of the press release referred to above is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein in its entirety. The information in this Item 7.01 of this Current Report on Form 8-K, including Exhi

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press release, dated April 15, 2024. 104 Cover Page Interactive Data File (embedded within XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AON PLC By: /s/ Darren Zeidel Name: Darren Zeidel Title: Executive Vice President, General Counsel and Company Secretary Date: April 16, 2024