secwatch.observer — SEC 8-K summary
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Issuer:     Arthur J. Gallagher & Co. (AJG)
CIK:        0000354190
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001193125-23-269382
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arthur J. Gallagher prices $1B senior notes offering; net rates ~5.1% and ~5.6% after hedging
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- $400M 6.500% Senior Notes due 2034 and $600M 6.750% Senior Notes due 2054 priced.
- After interest rate hedging, net interest rate ~5.1% for 2034 notes and ~5.6% (first 10 yrs) for 2054 notes.
- Expected closing November 2, 2023; underwriters BofA Securities and Barclays Capital.
- Notes issued under existing indenture and shelf registration statement; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354190/000119312523269382/0001193125-23-269382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354190/000119312523269382/d559010d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269382

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