A.J. Gallagher’s $1 Billion Offering

November 2, 2023

Cleary Gottlieb represented BofA Securities Inc. and Barclays Capital Inc., 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 $400 million of 6.5% notes due 2034 and $600 million of 6.75% notes due 2054 launched and priced on October 30, 2023, and closed on November 2, 2023.

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