Arthur J. Gallagher & Co. – Form 8-K Summary (April 3, 2025)

Arthur J. Gallagher & Co. entered into an Amended and Restated Credit Agreement on April 3, 2025, with Bank of America and other lenders. Key terms include:

Maturity extended: From June 22, 2028 to April 3, 2030

Facility size increased: From $1.7 billion to $2.5 billion

Optional expansion: Up to $3.0 billion if approved by lenders

Sub-facilities: Includes a $75 million letter of credit and a $250 million Euro swingline

Pricing: Now based on the company’s long-term senior unsecured debt rating

Covenants: No changes to financial ratios or key terms

This update enhances liquidity and long-term financing flexibility for the company.