Affiliated Managers expects to draw $250 million under new term loan

By Marisa Wong

Madison, Wis., March 28 - Affiliated Managers Group, Inc. anticipates borrowing up to $250 million under a five-year senior unsecured term loan facility, according to an 8-K filing with the Securities and Exchange Commission.

The five-year term loan has an expected closing date during the second quarter of 2014.

The company will have the ability to borrow up to an additional $100 million under the facility after the closing date, the filing noted.

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

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