Affiliated Managers lifts revolver, term commitments to $1.84 billion

By Susanna Moon

Chicago, June 6 – Affiliated Managers Group, Inc. increased the commitments under its revolving facility to $1.45 billion from $1.3 billion and its term loans to $385 million from $350 million, effective June 8, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into the commitment increase agreements Friday for the credit agreements with Bank of America, NA as administrative agent.

The company may further lift the revolving commitments by up to $350 million and borrow up to another $65 million under the term credit agreement.

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

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