DigitalBridge amends AMP infrastructure deal; caps Sponsor Capital price adjustment at 5% threshold

DigitalBridge Group, Inc.

Amended purchase agreement dated Dec 19, 2022 modifies consideration for Sponsor Capital in acquisition of AMP's global infra equity management business.
Previously, price would adjust by full change in Sponsor Capital value from June 30 to Dec 31, 2022 if closing in Q1 2023.
Under A&R agreement, only 50% of any change exceeding $6,256,889.55 (5% of June 30 value) is disregarded; capital contributions/distributions adjust dollar-for-dollar.
Base purchase price remains $258M capital/carry amount plus $200M management amount, subject to other adjustments and estimated working capital.

Key facts

Extracted from this filing and checked against the source text.

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

DigitalBridge Group, Inc. amended A&R Agreement with AMP Group Holdings Limited and AMP Capital Investors International Holdings Limited (effective 2022-12-19).

Action: amendment
Agreement: asset purchase
Counterparty: AMP Group Holdings Limited and AMP Capital Investors International Holdings Limited
Effective: 2022-12-19

Exact text from the filing

On December 19, 2022, the parties to the Original Agreement amended and restated the Original Agreement (such agreement, as amended and restated, the “A&R Agreement”) to, among other things, adjust the consideration payable for the Sponsor Capital (as defined in the A&R Agreement).

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DigitalBridge Group, Inc. filing history →

Source: SEC EDGAR

accession 0001679688-22-000149

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