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
SOURCE Arthur J. Gallagher & Co.