Replaces Expiring Facility

ITASCA, Ill., July 15, 2010 /PRNewswire via COMTEX/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it entered into a $500 million unsecured credit facility, expiring on July 14, 2014, with a group of twelve financial institutions led by Bank of Montreal, Bank of America, N.A., Citibank N.A., Barclays Bank PLC, and JP Morgan Chase Bank N.A. Gallagher may also request an additional $100 million of funding capacity within the facility. Funds may be drawn for stock repurchases, future acquisitions or general corporate purposes. This agreement replaces a $450 million unsecured revolving credit facility that was due to expire on October 4, 2010. Currently, there are no borrowings outstanding under either the expiring or new credit facilities. Additional information is available in Gallagher's Current Report on Form 8-K filed with the SEC today.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 15 countries and does business in more than 100 countries around the world through a network of correspondent brokers and consultants.

SOURCE: Arthur J. Gallagher & Co.