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.
