On November 18, 2022, Affiliated Managers Group, Inc. (the Company) entered into (i) a First Amendment (the Revolving Credit Agreement Amendment) to that certain Second Amended and Restated Credit Agreement (the Revolving Credit Agreement) with Bank of America, N.A., as administrative agent, letter of credit issuer and swingline lender, and the other lending institutions from time to time party thereto, and (ii) a First Amendment (the Term Credit Agreement Amendment) to that certain Fourth Amended and Restated Term Credit Agreement (the Term Credit Agreement and, together with the Revolving Credit Agreement, the Credit Agreements) with Bank of America, N.A., as administrative agent, and the other lending institutions from time to time party thereto. The Revolving Credit Agreement Amendment (i) extends the maturity date of such revolving credit facility by 1 year to October 25, 2027, and (ii) replaces LIBOR with a Term SOFR-based rate as an applicable benchmark for the revolving credit facility provided under the Revolving Credit Agreement. The Term Credit Agreement Amendment also replaces LIBOR with a Term SOFR-based rate as an applicable benchmark for the term loan credit facility provided under the Term Credit Agreement.
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- Affiliated Managers Group, Inc. Enters into First Amendment to Certain Second Amended and Restated Credit Agreement