Davis Polk advised Marsh & McLennan Companies, Inc. (MMC) in connection with its SEC-registered offering of $500 million of senior notes. MMC will use the net proceeds from the offering for general corporate purposes, which will include the redemption of $250 million of the outstanding principal amount of its 5.75% senior notes due 2015.

The offering consisted of two tranches of senior notes, including $250 million of 2.55% senior notes due 2018 and $250 million of 4.05% senior notes due 2023. Goldman, Sachs & Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint book-running managers for the senior notes offering. 

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 2012 consolidated revenue of approximately $12 billion, the Company provides analysis, advice and transactional capabilities to clients in more than 100 countries.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Melissa Glass and Siew Kwok. Partner Lucy W. Farr and associates Ethan R. Goldman and Avinash Venkatesh provided tax advice. Catherine L. Martin provided Investment Company Act advice. All members of the Davis Polk team are based in the New York office.