debt
confidence high
sentiment neutral
materiality 0.50
AMG issues $200M of 4.200% Junior Subordinated Notes due 2061
AFFILIATED MANAGERS GROUP, INC.
- Issued $200M aggregate principal of 4.200% Junior Subordinated Notes maturing September 30, 2061.
- Net proceeds for general corporate purposes, including debt repayment, share repurchases, and investments.
- Interest payable quarterly starting September 30, 2021; redeemable at par on or after September 30, 2026.
- Underwriters led by Wells Fargo, BofA, Morgan Stanley, and RBC Capital Markets.
- Notes are unsecured junior subordinated obligations; issuance completed July 13, 2021.