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Marsh & McLennan Plans $250 Mln Senior Notes Offering

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3/7/2012 11:19 AM ET

Marsh & McLennan Companies, Inc. (MMC: Quote) said Wednesday that it plans to offer $250 million in aggregate principal amount of senior notes due 2017 in a registered offering.

The company said it plans to use the net proceeds for the repayment of its existing $250 million aggregate principal amount of 6.25% senior notes due March 2012.

Barclays Capital and HSBC are acting as joint book-running managers for the offering.

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by RTT Staff Writer

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After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February. First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000. After giving back some ground in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 40 points.
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