AFFILIATED MANAGERS GROUP, INC. (AMG): debt financing — AMG extends revolver maturity to 2027; switches to Term SOFR from LIBOR

AFFILIATED MANAGERS GROUP, INC.

Revolving credit facility maturity extended by 1 year to October 25, 2027.
Term SOFR replaces LIBOR as benchmark under both revolving and term loan agreements.
Amendment executed with Bank of America as administrative agent and 14 other lenders.
No material financial or covenant changes; representations and warranties reaffirmed.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AFFILIATED MANAGERS GROUP, INC. amended revolving credit with Bank of America, N.A., as administrative agent at Term SOFR-based rate maturing October 25, 2027.

Instrument: revolving credit
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR-based rate
Maturity: October 25, 2027
Event: amendment

Exact text from the filing

The Revolving Credit Agreement Amendment (i) extends the maturity date of such revolving credit facility by 1 year to October 25, 2027, and (ii) replaces LIBOR with a Term SOFR-based rate as an applicable benchmark for the revolving credit facility provided under the Revolving Credit Agreement.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AFFILIATED MANAGERS GROUP, INC. amended term loan with Bank of America, N.A., as administrative agent at Term SOFR-based rate.

Instrument: term loan
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR-based rate
Event: amendment

Exact text from the filing

The Term Credit Agreement Amendment also replaces LIBOR with a Term SOFR-based rate as an applicable benchmark for the term loan credit facility provided under the Term Credit Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AFFILIATED MANAGERS GROUP, INC. amended Revolving Credit Agreement Amendment with Bank of America, N.A. and the other lending institutions party thereto (effective 2022-11-18).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A. and the other lending institutions party thereto
Effective: 2022-11-18

Exact text from the filing

On November 18, 2022, Affiliated Managers Group, Inc. (the “Company”) entered into (i) a First Amendment (the “Revolving Credit Agreement Amendment”) to that certain Second Amended and Restated Credit Agreement (the “Revolving Credit Agreement”) with Bank of America, N.A., as administrative agent, letter of credit issuer and swingline lender, and the other lending institutions from time to time party thereto

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AFFILIATED MANAGERS GROUP, INC. amended Term Credit Agreement Amendment with Bank of America, N.A. and the other lending institutions party thereto (effective 2022-11-18).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A. and the other lending institutions party thereto
Effective: 2022-11-18

Exact text from the filing

and (ii) a First Amendment (the “Term Credit Agreement Amendment”) to that certain Fourth Amended and Restated Term Credit Agreement (the “Term Credit Agreement” and, together with the Revolving Credit Agreement, the “Credit Agreements”) with Bank of America, N.A., as administrative agent, and the other lending institutions from time to time party thereto

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102 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0001193125-22-289485

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