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    AMG

AFFILIATED MANAGERS GROUP (AMG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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 CEST

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
05/09AFFILIATED MANAGERS GROUP : Ex-dividend day for
FA
05/04AFFILIATED MANAGERS : Management's Discussion and Analysis of Financial Conditio..
AQ
04/30AFFILIATED MANAGERS GROUP, INC. (NYS : AMG) Files An 8-K Results of Operations a..
AQ
04/30AFFILIATED MANAGERS GROUP (NYSE : AMG) reported earnings of $3.92 per share beat..
AQ
04/30AFFILIATED MANAGERS GROUP, INC. : Results of Operations and Financial Condition,..
AQ
04/30AFFILIATED MANAGERS : 1Q Earnings Snapshot
AQ
04/30AMG Reports Financial and Operating Results for the First Quarter of 2018
GL
04/30AFFILIATED MANAGERS GROUP : Affiliated Managers Group, Inc. to Host Earnings Cal..
AC
04/24AMG to Announce First Quarter Results on April 30, 2018
GL
04/11Millennial Investors Driven by Short-Term Outlook, According to AMG Funds Sur..
GL
More news
News from SeekingAlpha
05/08Affiliated Managers goes ex-dividend tomorrow 
05/02RiverPark Large Growth Fund Q1 2018 Performance Summary 
04/30Affiliated Managers' (AMG) CEO Sean Healey on Q1 2018 Results - Earnings Call.. 
04/30Affiliated Managers tops estimates, but sees net outflows in Q1; shares edge .. 
04/30Affiliated Managers beats by $0.03, beats on revenue 
Financials ($)
Sales 2018 2 486 M
EBIT 2018 834 M
Net income 2018 675 M
Debt 2018 -
Yield 2018 0,73%
P/E ratio 2018 13,23
P/E ratio 2019 11,87
Capi. / Sales 2018 3,60x
Capi. / Sales 2019 3,46x
Capitalization 8 960 M
Chart AFFILIATED MANAGERS GROUP
Duration : Period :
Affiliated Managers Group Technical Analysis Chart | AMG | US0082521081 | 4-Traders
Technical analysis trends AFFILIATED MANAGERS GROUP
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 209 $
Spread / Average Target 26%
EPS 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 Lead Independent Director
Olajide James Zeitlin Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AFFILIATED MANAGERS GROUP-18.29%8 960
BLACKROCK4.82%86 918
UBS GROUP-10.84%62 175
BANK OF NEW YORK MELLON (THE)6.67%58 063
STATE STREET CORPORATION1.75%36 694
NORTHERN TRUST CORPORATION8.57%24 265