debt
confidence high
sentiment neutral
materiality 0.50
AMG enters $1.25B revolving credit facility maturing 2029, replaces existing agreement
AFFILIATED MANAGERS GROUP, INC.
- $1.25B senior unsecured multicurrency revolver, matures Nov 15, 2029.
- Borrower may increase commitments by up to $500M, subject to conditions.
- Proceeds for working capital, investments, debt repayment, stock repurchases, dividends.
- Contains financial covenants on leverage and interest coverage, plus customary affirmative/negative covenants.
- Arranged by BofA Securities, Citizens, Wells Fargo, Barclays, JPMorgan, Citigroup, RBC, Morgan Stanley.