Arthur J Gallagher & Co unveils new credit facility for acquisitions
Previous $600m facility replaced by $800m arrangement which could be increased to $1.1bn.
Arthur J Gallagher & Co has announced a new credit facility for acquisitions and general corporate purposes which could take the money available to the firm up to $1.1bn [£774m].
The American-based company, whose operations outside the US including in the UK come under Arthur J Gallagher International, said on Friday it had entered into an $800m unsecured credit facility expiring in April 2021.
Finance
The deal has been arranged with a group of financial institutions led by the Bank of Montreal
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