A.J. Gallagher’s $1 Billion Offering

February 15, 2024

Cleary Gottlieb represented BofA Securities Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters, in a $1 billion two-tranche registered offering by Arthur J. Gallagher & Co. (A.J. Gallagher) of investment-grade notes.

The offering of $500 million of 5.45% notes due 2034 and $500 million of 5.75% notes due 2054 launched and priced on February 12, 2024, and closed on February 15, 2024.

A.J. Gallagher is a leading provider of insurance brokerage, reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals around the world. It provides these services in approximately 130 countries around the world.