debt
confidence high
sentiment neutral
materiality 0.50
AMG issues $400M 5.500% Senior Notes due 2034
AFFILIATED MANAGERS GROUP, INC.
- $400M aggregate principal, 5.500% interest, matures August 20, 2034.
- Interest payable semi-annually on Feb 20 and Aug 20, starting Feb 20, 2025.
- Net proceeds for debt repayment/refinancing and general corporate purposes including share repurchases and investments.
- Underwriting agreement with Barclays, BofA, and Citigroup as representatives.
- Securities are unsecured and unsubordinated; make-whole redemption provisions apply.