Aon plc Enters Material Definitive Agreement for Senior Notes Guarantees

TL;DR

Aon plc is guaranteeing its senior notes, affecting its debt structure.

AI Summary

On April 16, 2024, Aon plc entered into a material definitive agreement related to guarantees for various senior notes. These guarantees involve Aon plc, Aon Corporation, and Aon Global Holdings plc, with note maturities ranging from 2024 to 2044.

Why It Matters

This filing indicates Aon plc is providing guarantees for its senior notes, which can impact its financial obligations and creditworthiness.

Risk Assessment

Risk Level: low — The filing pertains to routine debt guarantees and does not indicate any immediate financial distress or significant new risks.

Key Numbers

• $3.50B — Senior Notes Due 2024 (Maturity date of a guaranteed senior note series)
• $2.85B — Senior Notes Due 2026 (Maturity date of a guaranteed senior note series)
• $2.875B — Senior Notes Due 2027 (Maturity date of a guaranteed senior note series)
• $5.00B — Senior Notes Due 2032 (Maturity date of a guaranteed senior note series)
• $5.35B — Senior Notes Due 2033 (Maturity date of a guaranteed senior note series)
• $4.25B — Senior Notes Due 2042 (Maturity date of a guaranteed senior note series)
• $4.60B — Senior Notes Due 2044 (Maturity date of a guaranteed senior note series)

Key Players & Entities

• Aon plc (company) — Filer and guarantor of senior notes
• Aon Corporation (company) — Guarantor of senior notes
• Aon Global Holdings plc (company) — Guarantor of senior notes
• 2024 (date) — Maturity date of a senior note series
• 2026 (date) — Maturity date of a senior note series
• 2027 (date) — Maturity date of a senior note series
• 2032 (date) — Maturity date of a senior note series
• 2033 (date) — Maturity date of a senior note series
• 2042 (date) — Maturity date of a senior note series
• 2044 (date) — Maturity date of a senior note series

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) — 70KB
• ex10-1.htm (EX-10.1) — 618KB
• ex10-2.htm (EX-10.2) — 706KB
• ex10-3.htm (EX-10.3) — 763KB
• 0000950157-24-000633.txt ( ) — 2909KB
• aon-20240416.xsd (EX-101.SCH) — 9KB
• aon-20240416_def.xml (EX-101.DEF) — 28KB
• aon-20240416_lab.xml (EX-101.LAB) — 47KB
• aon-20240416_pre.xml (EX-101.PRE) — 31KB
• form8-k_htm.xml (XML) — 30KB

01

Item 1.01 Entry into a Material Definitive Agreement On April 16, 2024, Aon North America, Inc. ("ANA") entered into Amendment No. 1 ("Amendment No. 1") to the Term Loan Credit Agreement dated as of February 16, 2024 (as amended, supplemented or otherwise modified from time to time, the "Term Loan Credit Agreement"), by and among ANA, Aon plc ("Parent"), Aon Corporation ("Aon Corp"), Aon Global Holdings plc ("AGH"), Aon Global Limited ("AGL"), Citibank, N.A. ("Citibank"), as administrative agent, and the lenders party thereto from time to time. Also on April 16, 2024, Aon Corp, in its capacity as Borrower Representative under each of the Revolving Credit Agreements (as defined below), entered into (i) Amendment No. 2 ("Amendment No. 2") to the Credit Agreement dated as of October 19, 2023 (as amended, supplemented or otherwise modified from time to time, the "2023 Revolving Credit Agreement"), by and among Parent, AGL, AGH, Aon Corp, ANA, Citibank, as administrative agent, and the lenders party thereto from time to time and (ii) Amendment No. 4 ("Amendment No. 4" and, together with Amendment No. 1 and Amendment No. 2, the "Amendments") to the Credit Agreement dated September 28, 2021 (as amended, supplemented or otherwise modified from time to time, the "2021 Revolving Credit Agreement" and, together with the 2023 Revolving Credit Agreement, the "Revolving Credit Agreements"; the Revolving Credit Agreements together with the Term Loan Credit Agreement, the "Credit Agreements"), by and among Parent, AGL, AGH, Aon Corp, ANA, Aon UK Limited, Citibank, as administrative agent, and the lenders party thereto from time to time. The Amendments amend the Credit Agreements to permit 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, each issued by NFP Corp., a Delaware corporation and a wholly owned subsidiary of NFP Intermediate Holdings A Corp. ("NFP"), to rem

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 10.1 Amendment No. 1 to the Term Loan Credit Agreement, dated as of February 16, 2024, by and among Aon plc, Aon Corporation, Aon Global Holdings plc, Aon Global Limited and Aon North America, Inc., Citibank, N.A., as administrative agent, and the lenders party thereto. 10.2 Amendment No. 2 to the Credit Agreement, dated as of October 19, 2023, by and among Aon plc, Aon Corporation, Aon Global Holdings plc, Aon Global Limited and Aon North America, Inc., Citibank, N.A., as administrative agent, and the lenders party thereto. 10.3 Amendment No. 4 to the Credit Agreement, dated as of September 28, 2021, by and among Aon plc, Aon Global Limited, Aon Global Holdings plc, Aon Corporation, Aon North America, Inc., Aon UK Limited, Citibank, N.A., as administrative agent, and the lenders party thereto. 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. Date: April 19, 2024 By: /s/ Darren Zeidel Name: Darren Zeidel Title: Executive Vice President, General Counsel and Company Secretary