Form 8-K · Current report
Aon plc 8-K, filed Sep 22, 2026
- Filed
- CIK
- 0000315293
- Accession no.
- 0001193125-26-397203
Summary
Aon plc entered into a $4 billion unsecured delayed-draw term loan credit agreement and a $3 billion unsecured revolving credit facility, both dated September 18, 2026 and administered by Citibank, with the revolving facility replacing two existing $1 billion facilities. Proceeds of the term loans will fund part of the cash consideration for the previously announced acquisition of USI Advantage Corp. by Aon North America, Inc.
Key points
- The $4 billion term loan has a two-year $2 billion tranche maturing September 18, 2028 and a three-year $2 billion tranche maturing September 18, 2029, both prepayable without penalty.
- The $3 billion revolving facility matures September 18, 2031, subject to optional one-year extensions.
- The agreements require a consolidated adjusted EBITDA-to-interest-expense ratio of at least 4.00 to 1.00 and, following the USI Acquisition, a funded net debt-to-adjusted EBITDA ratio of no more than 4.75 to 1.00 stepping down to 3.50 to 1.00 over eight fiscal quarters.
- The two terminated $1 billion revolving facilities had been scheduled to mature on September 28, 2027 and October 19, 2028.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement Term Loan Credit Agreement On September 18, 2026, Aon plc, an Irish public limited company (the “Company”), Aon Corporation, a Delaware corporation (“Aon Corporation”), Aon Global Holdings plc, a public limited company organized under the laws of England and Wales (“AGH”), Aon Global Limited, a private limited company organized under the laws of England and Wales (“AGL”), and Aon North America, Inc., a Delaware corporation (“ANA”), entered into a Credit Agreement (the “Term Loan Credit Agreement”), with Citibank, N.A. …
An excerpt of the text as filed with the SEC, cut for length.
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