Arthur J. Gallagher preps two-part offering of senior notes

Chicago, Feb. 27 – Arthur J. Gallagher & Co. is offering investors two tranches of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday morning.

Each note will be callable with a make-whole premium until a number of months before the respective maturity date.

Any change of control will trigger a put option at 101.

BofA Securities, Inc. and Citigroup Global Markets Inc. are working as joint bookrunners.

Bank of New York Mellon Trust Co., NA will be the trustee.

Gibson, Dunn & Crutcher LLP is advising the issuer. Cleary Gottlieb Steen & Hamilton LLP is working as counsel for the underwriters.

Proceeds will be used for general corporate purposes, including the funding of future acquisitions.

Gallagher is an insurance brokerage, risk management and corporate services company based in Rolling Meadows, Ill.

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