Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Affiliated Managers Group, Inc.    AMG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Affiliated Managers : AMG Announces Completion of $650 Million Senior Credit Facility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/08/2007 | 09:31pm CET

Affiliated Managers Group, Inc. (NYSE: AMG) announced that it has closed an amended and restated $650 million five-year senior credit facility. The facility, which may be increased to $800 million, replaces AMG's previous $550 million credit facility. The new facility was syndicated among a group of lenders, including Bank of America, N.A., as lead agent, and JPMorgan Chase Bank, N.A., U.S. Bank National Association, The Bank of New York, Calyon New York Branch and Citizens Bank of Massachusetts, as co-agents.

?We are pleased with this increased level of commitment from our banking partners,? said Darrell W. Crate, Executive Vice President and Chief Financial Officer of AMG. ?This new credit facility supplements our strong balance sheet and substantial cash flow from operations, and provides us with additional liquidity and flexibility. As we enter 2007, we remain focused on generating excellent returns for our shareholders, through the execution of new investments, repayment of existing indebtedness, or the repurchase of our common stock, as appropriate.?

AMG is an asset management company with equity investments in a diverse group of mid-sized investment management firms. AMG's affiliated investment management firms managed approximately $241 billion in assets at December 31, 2006.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, our ability to complete pending acquisitions, the investment performance of our Affiliates and their ability to effectively market their investment strategies, and other risks detailed from time to time in AMG's filings with the Securities and Exchange Commission. Reference is hereby made to the ?Cautionary Statements? set forth in the Company's Form 10-K for the year ended December 31, 2005.

For more information on Affiliated Managers Group, Inc., please visit AMG's Web site at www.amg.com.


© Business Wire 2007
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AFFILIATED MANAGERS GROUP,
02/09 AFFILIATED MANAGERS : AMG Announces Initiation of Cash Dividend and Increase in ..
02/09 AFFILIATED MANAGERS : AMG Reports Financial and Operating Results for the Fourth..
02/07 AFFILIATED MANAGERS GROUP, INC. : ex-dividend day
02/02 AFFILIATED MANAGERS : Amica Mutual Insurance Co Boosts Position by $5,414,997 in..
02/01 AFFILIATED MANAGERS : AMG Announces Initiation of Cash Dividend and Increase in ..
02/01 AFFILIATED MANAGERS : AMG Reports Financial and Operating Results for the Fourth..
01/30 AFFILIATED MANAGERS : AMG Reports Financial and Operating Results for the Fourth..
01/30 AFFILIATED MANAGERS : AMG Announces Initiation of Cash Dividend and Increase in ..
01/30 AFFILIATED MANAGERS : AMG) Gains Awaiting Earnings
01/30 AFFILIATED MANAGERS : tops 4Q profit forecasts
More news
Sector news : Investment Management & Fund Operators - NEC
02/23 Bonus squeeze as Europe's investment banks feel investor ire
02/23 HARGREAVES LANSDOWN : Fund supermarket Hargreaves Lansdown to open tech hub in W..
02/23 Banks' bond trading up in 2016 for first time since 2012 after Brexit, Trump ..
02/22 BoE says EU insurance rules need tweaks rather than overhaul
02/22 BLACKROCK : ETFs could be making trading EM stocks cheaper - Greenwich
More sector news : Investment Management & Fund Operators - NEC
News from SeekingAlpha
02/22 Best And Worst Performing Stocks Since The Inauguration
02/09 Franklin Resources leads asset managers higher after AUM gain in Jan.
02/09 VALUATION DASHBOARD : Financials And Real Estate - Update
02/03 Blackstone and Affiliated Managers are Credit Suisse's top asset manager pick..
02/01 Affiliated Managers continues post-earnings advance
Advertisement
Financials ($)
Sales 2017 2 332 M
EBIT 2017 903 M
Net income 2017 550 M
Debt 2017 -
Yield 2017 0,38%
P/E ratio 2017 15,71
P/E ratio 2018 12,62
Capi. / Sales 2017 3,98x
Capi. / Sales 2018 3,69x
Capitalization 9 287 M
More Financials
Chart AFFILIATED MANAGERS GROUP,
Duration : Period :
Affiliated Managers Group, Technical Analysis Chart | AMG | US0082521081 | 4-Traders
Full-screen chart
Technical analysis trends AFFILIATED MANAGE...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 188 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sean M. Healey Chairman & Chief Executive Officer
Nathaniel Dalton President & Chief Operating Officer
Jay C. Horgen Chief Financial Officer & Treasurer
Patrick T. Ryan Independent Director
Olajide James Zeitlin Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AFFILIATED MANAGERS GR..17.63%9 287
BLACKROCK, INC.2.51%63 733
GOLDMAN SACHS BDC INC7.36%61 100
UBS GROUP AG0.00%59 825
BANK OF NEW YORK MELLO..0.25%50 001
STATE STREET CORP3.62%30 635
More Results