debt
confidence high
sentiment neutral
materiality 0.50
Silvercrest amends credit facility, reduces term loan commitment to $10M, extends maturities
Silvercrest Asset Management Group Inc.
- Term loan commitment decreased from $25.5M to $10.0M after full repayment of existing term loans.
- Term loan maturity extended to June 18, 2027; draw date extended to June 18, 2025.
- Revolving credit facility maturity extended to June 18, 2025; quarterly installments set at 5% of outstanding term loans.
- New fees include $15,000 upfront and up to $100,000 commitment fee in three installments; unused line fee 0.75% per annum.