Arthur J. Gallagher & Co. Announces New Credit Facility Replaces Expiring Facility

ITASCA, Ill., Sept. 19, 2013 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it entered into a $600 million unsecured credit facility, expiring on September 19, 2018, with a group of financial institutions led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and JP Morgan Chase Bank.  Gallagher may also request an additional $250 million of funding capacity within the facility.  Funds may be drawn for future acquisitions or general corporate purposes.  This agreement replaces a $500 million unsecured revolving credit facility that was due to expire on July 14, 2014.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 20 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants. 

CONTACT:  Marsha J. Akin
Director - Investor Relations
(630) 285-3501
Marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.



RELATED LINKS
http://www.ajg.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.