Arthur J Gallagher & Co (AJG) has released an update.
Arthur J. Gallagher & Co. successfully secured a total of $1 billion in senior notes, split evenly between 5.450% notes due in 2034 and 5.750% notes due in 2054, in collaboration with top underwriters BofA Securities, Inc. and J.P. Morgan Securities LLC. This strategic financial move, registered under the Securities Act and supported by an established indenture with The Bank of New York Mellon Trust Company, N.A., enhances the company’s capital structure, with the offering concluding on February 15, 2024. Legal firm Gibson, Dunn & Crutcher LLP has confirmed the validity of the notes, ensuring investor confidence in this substantial market offering.
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