Gallagher amends credit facility, raising commitments to $2.5 billion and extending maturity to 2030
Arthur J. Gallagher & Co. amended and restated its credit agreement on April 3, 2025, increasing total commitments from $1.7 billion to $2.5 billion and extending the maturity date from June 22, 2028 to April 3, 2030. The filing also allows commitments to be increased up to $3 billion, and other key terms, including financial ratios and all-in drawn pricing, were not changed.
Key points
- Commitments rise from $1.7 billion to $2.5 billion, including a $75 million letter of credit sub-facility and a $250 million Euro swingline sub-facility.
- Maturity extended from June 22, 2028 to April 3, 2030.
- Commitments may be increased up to $3 billion with agreement from lenders or additional banks.
- Financial ratios and all-in drawn pricing were not changed; facility fee and applicable margin were updated based on the company's long-term senior unsecured debt rating.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.