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Arthur J. Gallagher & Co. Announces New Credit 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. AkinDirector - Investor Relations(630) 285-3501 Marsha_akin@ajg.com

SOURCE Arthur J. Gallagher & Co.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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