Aon Unveils Jumbo Bond Sale for $17B USI Acquisition

Aon Plc has launched a significant US dollar bond sale to fund its acquisition of USI Insurance Services from KKR & Co. The move is part of Aon's planned $17 billion takeover, which may also involve a $4 billion term loan.

The company aims to sell $13.5 billion in notes as part of the funding package, according to a S&P Global Ratings note. This marks a major step towards completing the acquisition, which has significant implications for the insurance industry.

Aon's decision to tap the debt market is likely driven by the need to raise substantial funds to finance the takeover. The company's move into the USI Insurance Services business will expand its offerings and potentially increase its market share in the sector.