Gallagher Boosts Acquisition War Chest with $600M Credit Facility

Arthur J. Gallagher is replenishing its funding war chest for acquisitions.The broker has entered into a $600 million unsecured credit facility, expiring Sept. 19, 2018, with an option to draw an additional $250 million of funding capacity within the facility. Gallagher will be able to draw on the credit facility for future acquisitions or general corporate purposes.The new credit facility replaces a $500 million unsecured revolving credit facility that was due to expire July 14, 2014.Gallagher has been one of the most active acquisition brokers this year. In the past three months alone, it ha...