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Get filing alertsMarsh & McLennan upsizes credit facility to $4.25B, replacing $3.5B line
Filed June 4, 2026 · Period ending June 2, 2026 · ~1 min read
Key Changes
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Company secured new $4.25 billion revolving credit facility expiring June 2031, a $750 million increase from the prior $3.5 billion facility established in October 2023.
Item 1.01 verify on EDGAR → -
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Interest rate tied to Term SOFR plus margin that adjusts with credit ratings; facility is unsecured and available in multiple currencies for domestic and foreign subsidiaries.
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Company must maintain quarterly coverage and leverage ratio covenants, which could restrict financial flexibility if business performance deteriorates.
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Prior $3.5 billion credit facility from October 2023 was terminated concurrent with the new facility closing on June 2, 2026.
Item 1.01 verify on EDGAR →
Summary
Marsh & McLennan refinanced and expanded its revolving credit facility, increasing available liquidity by $750 million to $4.25 billion. The new five-year facility extends the maturity to June 2031 and maintains the company's unsecured borrowing capacity across multiple currencies. Citibank serves as administrative agent, with interest rates based on Term SOFR plus a credit-rating-dependent margin.
For retail investors, this represents a routine but positive development. The larger facility provides enhanced financial flexibility for acquisitions, share buybacks, or general corporate needs. The unsecured nature reflects the company's strong credit profile. However, the quarterly covenant testing on coverage and leverage ratios means investors should monitor these metrics in future earnings reports.
Watch whether the company draws on this facility in coming quarters. Increased borrowing could signal either growth investments or potential cash flow pressures, depending on the use of proceeds disclosed in future filings.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 2, 2026, Marsh & McLennan Companies, Inc. (the “Company”) and certain of its domestic and foreign subsidiaries entered into a new Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among the Company, as borrower, the designated subsidiaries party thereto as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto (the “Credit Agreement”). The Credit Agreement provides for a multi-currency unsecured $4.25 billion five-year revolving credit facility (the “New Facility”).
The company entered into a new amended and restated credit agreement providing a $4.25 billion unsecured revolving credit facility. This is a multi-currency facility with Citibank as administrative agent, involving both domestic and foreign subsidiaries as borrowers. The facility is unsecured, meaning no collateral is pledged.
Added in current filing · verify on EDGAR →
The interest rate on the New Facility is based on Term SOFR plus a fixed margin which varies with the Company’s credit ratings. The New Facility expires in June 2031 and requires the Company to maintain certain coverage and leverage ratios which are tested quarterly.
The facility has a five-year term expiring June 2031 with interest based on Term SOFR plus a margin that adjusts based on the company's credit ratings. The company must maintain certain financial covenants including coverage and leverage ratios that are tested every quarter, which could restrict financial flexibility if ratios deteriorate.
Event · Item 1.02 — Termination of a Material Definitive Agreement
Marsh & McLennan terminated its $3.5 billion revolving credit facility in connection with a new financing arrangement.
Added in current filing · verify on EDGAR →
on June 2, 2026, the Company terminated its multi-currency unsecured $3.5 billion five-year revolving credit facility under the Amended and Restated 5 Year Credit Agreement, dated as of October11, 2023, among the Company, as borrower, the designated subsidiaries party thereto, as borrowers, Citibank, N.A., as administrative agent, and the lenders from time to time party thereto.
The company terminated its existing $3.5 billion revolving credit facility that was established in October 2023. The termination occurred in connection with a new financing arrangement referred to as the 'New Facility,' suggesting the company is replacing its existing credit line with new financing terms.
Event · Item 2.03 — Creation of a Direct Financial Obligation
Company entered into a new Credit Agreement on June 2, 2026, creating a direct financial obligation.
Added in current filing · verify on EDGAR →
On June 2, 2026 the Company entered into the Credit Agreement as described under Item 1.01 above.
The company executed a new Credit Agreement on June 2, 2026. This creates a direct financial obligation for the registrant. The specific terms and details of the Credit Agreement are referenced in Item 1.01 of this filing, which is not included in the provided text.
Event · Item 9.01 — Financial Statements and Exhibits
Marsh & McLennan amended and restated its 5-year credit agreement effective June 2, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Amended and Restated 5 Year Credit Agreement, dated as of June 2, 2026, among Marsh & McLennan Companies, Inc. the designated subsidiaries party thereto as borrowers, Citibank N.A., as administrative agent, and the lenders from time to time party thereto.
The company entered into an amended and restated 5-year credit agreement on June 2, 2026, with Citibank N.A. serving as administrative agent. This is a routine refinancing or extension of the company's revolving credit facility, which provides liquidity and financial flexibility for general corporate purposes.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify