secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0000950170-24-074975
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest amends credit facility, reduces term loan commitment to $10M, extends maturities
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024074975/0000950170-24-074975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024074975/samg-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-074975

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