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Form 8-K · Current Report · Filed 2024-12-19

Arthur J. Gallagher & Co. Completed $4.5B Senior Notes Offering

On December 19, 2024, Arthur J. Gallagher & Co. successfully closed an offering of $4.5 billion aggregate principal amount of its Senior Notes due between 2027 and 2055. The offering consisted of $750 million of 4.600% Senior Notes due 2027, $750 million of 4.850% Senior Notes due 2029, $500 million of 5.000% Senior Notes due 2032, $1.5 billion of 5.150% Senior Notes due 2035, and $1.5 billion of 5.550% Senior Notes due 2055. The Notes were issued under a shelf registration statement and an indenture, with the relevant terms described in the prospectus supplement and Officers' Certificate. This offering aims to strengthen the company's financial position.

Filer
Arthur J. Gallagher & Co. AJG · NYSE
Filed
Accession
0001193125-24-282109
CIK
0000354190
Signal
Medium impactFinancial Services

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$278.49

Next session

+1.7%

Since filing

-10.4%

Latest close

$249.42

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AJG reporting the same item, with the next session's move:

Exhibits (2)

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. The company's primary function is to assist clients in identifying, managing, and mitigating various risks through comprehensive insurance solutions. A significant player in the financial industry, Arthur J. Gallagher & Co. operates in multiple sectors, providing essential services to industries such as healthcare, construction, public entities, and more. The firm offers a wide range of insurance products, including property and casualty, workers' compensation, and employee benefits, tailoring strategies to fit the unique needs of each client. Founded in 1927 and headquartered in Rolling Meadows, Illinois, it has earned a reputation for innovation in risk management and customer service. The company’s extensive global network and experienced team of professionals enable it to navigate complex insurance markets effectively, making it a key component in the financial market's risk management sector.

Exchange NYSE Industry Insurance Brokers Company website ↗

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