Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Amends and Restates Credit Agreement
Summary
On April 3, 2025, Arthur J. Gallagher & Co. amended and restated its Credit Agreement with Bank of America, N.A. The amendment extended the maturity date to April 3, 2030, increased the commitment to $2.5 billion, and allowed for potential further increases up to $3 billion. The amendment also updated the facility fee and margin based on the company's credit rating.
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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.
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