Aon Global Limited to Redeem €510.9 Million of 2.875% Senior Notes Due 2026

AON
January 15, 2026

Aon Global Limited, a wholly owned subsidiary of Aon plc, will retire its 2.875% Senior Notes due 2026 in full on February 14 2026. The notes, issued on May 14 2014, carry a principal balance of €510,869,863 and will be redeemed at 100 % of principal plus accrued interest, eliminating this debt class from the company’s balance sheet.

The redemption is part of Aon’s ongoing debt‑management strategy, which has focused on simplifying the capital structure and reducing interest expense. By retiring the 2026 notes, Aon removes a long‑term liability that was scheduled to mature in February, thereby lowering its overall debt burden and improving debt‑to‑equity and interest‑coverage ratios. The move also frees up cash that can be deployed toward strategic initiatives or returned to shareholders through dividends or share repurchases.

Aon’s management has indicated that the timing of the redemption aligns with the company’s broader refinancing plan, which aims to secure lower‑cost financing for future growth. The company’s recent earnings report showed strong operating performance and a solid cash‑flow position, giving it the flexibility to execute the redemption without impacting liquidity or capital‑allocation priorities.

The redemption will be reflected in Aon’s financial statements for the quarter ending February 14 2026. Investors and analysts will likely view the transaction as a positive step toward debt reduction, though it does not represent a new source of capital or a change in business strategy. No significant market reaction has been reported at this time.

Aon Global Limited is scheduled to release its fourth‑quarter and full‑year 2025 results on January 30 2026, which will provide further context on the company’s financial health and capital‑allocation plans.

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