secwatch.observer — SEC 8-K summary
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Issuer:     AMERIPRISE FINANCIAL INC (AMP)
CIK:        0000820027
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001104659-24-123103
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820027/000110465924123103/0001104659-24-123103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820027/000110465924123103/tm2429390d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-123103

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