secwatch.observer — SEC 8-K summary
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Issuer:     Arthur J. Gallagher & Co. (AJG)
CIK:        0000354190
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001193125-23-057296
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gallagher prices $950M senior notes offering in two tranches (5.500% due 2033, 5.750% due 2053)
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- $350M of 5.500% Senior Notes due 2033 and $600M of 5.750% Senior Notes due 2053 issued.
- Net interest expense hedged to ~4.0% on 2033 notes and ~4.8% for first 10 years on 2053 notes.
- Offering expected to close March 2, 2023; underwriters include BofA Securities and Citigroup.
- Notes issued under existing indenture with Bank of New York Mellon as trustee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354190/000119312523057296/0001193125-23-057296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354190/000119312523057296/d476388d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-057296

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