Arthur J. Gallagher & Co 8-K, filed Aug 28, 2020
Arthur J. Gallagher & Co. (AJG)
About this 8-K
Arthur J. Gallagher & Co filed this 8-K on August 28, 2020, reporting on events of August 27, 2020.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On August 27, 2020, Arthur J. Gallagher & Co. (“Gallagher”) entered into an amendment (the “Credit Agreement Amendment”) to its Second Amended and Restated Multicurrency Credit Agreement dated June 7, 2019 (as so amended, the “Credit Agreement”) with Bank of Montreal, as administrative agent, and the other lenders signatory thereto. The Credit Agreement Amendment, among other things, (i) provides that the obligations of each subsidiary of Gallagher that was a borrower, guarantor and/or obligor under the Credit Agreement, cease to apply and that each such subsidiary is released from all of its obligations under the Credit Agreement and (ii) replaces the existing minimum asset covenant with a priority indebtedness covenant that is substantially similar to other priority indebtedness covenants applicable to Gallagher under its private placement note purchase agreements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Arthur J. Gallagher & Co. | ||||||
| Date: August 28, 2020 | /s/ WALTER D. BAY | |||||
| Walter D. Bay Vice President, General Counsel and Secretary | ||||||