secwatch.observer — SEC 8-K summary
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Issuer:     Arthur J. Gallagher & Co. (AJG)
CIK:        0000354190
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001193125-23-173975
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arthur J. Gallagher enters $1.2B revolving credit facility through 2028
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- New five-year unsecured revolver of $1.2B, with accordion to $1.7B.
- Facility available in USD, GBP, CAD, AUD, NZD, EUR, JPY and other agreed currencies.
- Bears variable interest based on benchmark rate plus margin tied to debt rating.
- Prior $1.2B credit agreement dated June 2019 was terminated concurrently.
- Proceeds for general corporate and working capital purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354190/000119312523173975/0001193125-23-173975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354190/000119312523173975/d463078d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-173975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer