Davis Polk Advises Marsh & McLennan Companies, Inc. on Its $1.2 Billion Revolving Credit Facility

Davis Polk advised Marsh & McLennan Companies, Inc. and certain of its domestic and foreign subsidiaries (MMC) in connection with the amendment and restatement of its existing revolving credit facility with Citibank, N.A., as administrative agent, and the lenders party thereto. Pursuant to the amendment and restatement, MMC increased the facility size to $1.2 billion, extended the maturity of the facility to March 27, 2019, and made certain other changes. MMC will use the proceeds of the facility for general corporate purposes.

MMC is a global professional services firm providing advice and solutions principally in the areas of risk, strategy and human capital. It is the parent company of a number of the world’s leading risk experts and specialty consultants, including: Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resources and related financial advice and services; and Oliver Wyman Group, the management, economic and brand consultancy. With approximately 54,000 employees worldwide and 2013 consolidated revenue of approximately $12.3 billion, MMC provides analysis, advice and transactional capabilities to clients in more than 100 countries.

The Davis Polk credit team included partner James A. Florack and associate Samantha Hait. The tax team included partner Lucy W. Farr and associate Ankur Dalal. Partner John B. Reynolds III and counsel Jeanine P. McGuinness provided OFAC advice. Richard A. Harrison was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.

www.davispolk.com