By Lisa Kerner
Charlotte, N.C., Feb. 10 - Arthur J. Gallagher & Co. completed a private placement of $125 million of senior notes, according to a company news release.
The placement included:
• $75 million of series D notes bearing interest at 5.18% due in 2021; and
• $50 million of series E notes bearing interest at 5.49% due in 2023.
Proceeds will be used to fund acquisitions.
Itasca, Ill.-based Arthur J. Gallagher is an insurance brokerage and risk management services company.
| Issuer: | Arthur J. Gallagher & Co.
|
| Issue: | Senior notes
|
| Amount: | $125 million
|
| Distribution: | Private placement
|
|
|
| Series D
|
| Amount: | $75 million
|
| Maturity: | 2021
|
| Coupon: | 5.18%
|
|
|
| Series E
|
| Amount: | $50 million
|
| Maturity: | 2023
|
| Coupon: | 5.49%
|
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