Affiliated Managers pricing $300 million 10-year notes Thursday

By Aleesia Forni

Virginia Beach, Feb. 6 - Affiliated Managers Group Inc. is planning to price $300 million of 10-year senior notes during Thursday's session, according to an informed source and a 424B2 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds will be used to repay a portion of the company's currently outstanding debt under its revolving credit facility, with any remaining proceeds being used for general corporate purposes.

Affiliated Managers is a Prides Crossing, Mass.-based asset management company.

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