The Willis Group has obtained US$600m of unsecured credit facilities, revealed a report.
The credit facilities are made up of a $450m term loan and a $150m revolver.
Willis said the financing would replace a bank facility paid off in November. The money will be used to pay off debt and for general corporate purposes, revealed the report.
Both facilities carry an initial interest rate of 0.95% more than London Interbank Offered Rate.
Banc of America Securities, Citigroup Global markets, JP Morgan and the Royal Bank of Scotland arranged the facilities, concluded the report.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
