Ameriprise enters $1B revolving credit facility maturing Nov 2029 with $1.25B accordion

AMERIPRISE FINANCIAL INC

Unsecured facility replaces June 2021 credit agreement; maturity extended to Nov 23, 2029, with up to two 1-year extensions.
Revolving loans can be drawn in USD, EUR, GBP, CHF, JPY; interest rate based on market rate plus margin tied to debt rating.
Financial covenants require interest coverage >4.00x and leverage <3.25x; temporary increase allowed after material acquisitions.
Three exiting lenders (UBS, BMO, HSBC) replaced by Morgan Stanley Bank as a new lender; total commitments remain $1B.
Facility fee paid quarterly on aggregate commitments; used for working capital and general corporate purposes.

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