AON PLC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

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October 21, 2022 Newswires
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AON PLC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Edgar Glimpses

Item 1.01. Entry into a Material Definitive Agreement.

On October 19, 2022, Aon plc, Aon Corporation, Aon Global Holdings plc, Aon
Global Limited
, the lenders party thereto (the "Lenders") and Citibank, N.A., as
administrative agent for the Lenders (the "Administrative Agent"), entered into
that certain Amendment No. 3 to the Credit Agreement (the "Credit Agreement
Amendment"). The Credit Agreement Amendment amends the Credit Agreement entered
into as of October 19, 2017, among Aon plc, Aon Corporation, Aon Global Holdings
plc
, Aon Global Limited, the Lenders party thereto, the Administrative Agent,
HSBC Bank (USA), National Association, as syndication agent, and Citigroup
Global Markets, Inc.
and HSBC Securities (USA) Inc., as joint lead arrangers and
joint bookrunners (as amended by that certain Waiver and Amendment No. 1, dated
as of April 1, 2020, and that certain Amendment No. 2, dated as of September 28,
2021
, the "Credit Agreement"), in order to, among other things, (i) extend the
Facility Termination Date (as defined in the Credit Agreement) from October 19,
2023
to October 19, 2024, (ii) replace the interest rate based on London
interbank offered rate with an interest rate based on secured overnight
financing rate ("SOFR"), including customary SOFR replacement provisions and
(iii) modify pricing in the manner set forth in the Credit Agreement Amendment.
All other material terms and provisions of the Credit Agreement are
substantially the same as the terms and provisions in place immediately prior to
the effectiveness of the Credit Agreement Amendment.

Aon plc and its subsidiaries have other commercial relationships with the
Lenders, joint lead arrangers and joint bookrunners, the syndication agent and
their respective affiliates. In addition, Aon plc and certain of its affiliates
have performed, and may perform, various insurance brokerage and consulting
services for the Lenders, joint lead arrangers and joint bookrunners, the
syndication agent and/or their respective affiliates.

The foregoing description of the Credit Agreement Amendment does not purport to
be complete and is qualified in its entirety by reference to the full text of
the Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 to this
Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits:

Exhibit
  No.                                     Description

10.1           Amendment No. 3 to the Credit Agreement among Aon plc, Aon
             Corporation, Aon Global Holdings plc, Aon Global Limited, the lenders
             party thereto, and Citibank, N.A., as administrative agent.

104          Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101).

--------------------------------------------------------------------------------

Older

GENWORTH FINANCIAL INC FILES (8-K) Disclosing Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year

Newer

Material Agreement – Form 8-K

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