by J. Ammon Smartt, Vice President and Assistant General Counsel, Willis Towers Watson
Over the past several months, the treasury department at Willis Towers Watson has been very busy executing a capital management strategy that resulted from the business combination of two large and well respected financial services firms: Willis and Towers Watson. The planning for the new capital structure of the combined companies began over a year ago. In recent months, the treasury team, together with many other internal and external stakeholders, have achieved some significant milestones.
In March of this year, we closed a $1bn US bond offering. In May of this year, we also closed our first ever €540m Eurobond. Along the way, we affirmed many of the lessons learned from prior deals and further refined our approach to capital market transactions.