Affiliated Managers Group Secures $1.25B Credit Facility

Affiliated Managers Group, Inc. has entered into a Fourth Amended and Restated Credit Agreement, establishing a $1.25 billion senior unsecured multicurrency revolving credit facility maturing on June 9, 2031. The facility, which replaces a previous agreement from November 2024, allows for potential increases of up to $750 million. Funds can be utilized for various corporate purposes including working capital, investments, debt repayment, stock repurchases, and dividends. The agreement contains financial covenants regarding leverage and interest coverage, along with customary affirmative and negative covenants.