debt
confidence high
sentiment neutral
materiality 0.85
AJG raises $13.5B in common stock and notes offerings; files risk factors for AssuredPartners deal
Arthur J. Gallagher & Co.
- Sold 30,357,143 common shares at ~$280 each for $8.5B aggregate proceeds; closed Dec 11, 2024.
- Issued $5B in senior notes across five tranches (2027-2055) with coupons from 4.600% to 5.550%.
- Notes offering expected to close Dec 19, 2024; proceeds to fund AssuredPartners acquisition.
- Filed additional risk factors highlighting integration, financing, and synergy uncertainties for the deal.