debt
confidence high
sentiment neutral
materiality 0.50
Hamilton Lane subsidiary issues $100M 5.28% senior notes due Oct 2029
Hamilton Lane INC
- $100M aggregate principal of 5.28% senior notes due October 15, 2029, issued by Hamilton Lane Advisors.
- Net proceeds to be used for general corporate purposes, including seeding new funds and creating new products.
- Notes require HLA to maintain Consolidated Leverage Ratio ≤3.50x and minimum annual Management Fees ≥$185M.
- Concurrently, HLA amended four credit facilities with JPMorgan to extend maturities and modify covenants; aggregate cap remains $325M.