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 news 

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,
12/03 AFFILIATED MANAGERS : AMG to Present at the 2016 Goldman Sachs U.S. Financial Se..
11/09 AFFILIATED MANAGERS GROUP INC. : (AMG) Pops 5.75% for November 09
11/07 AFFILIATED MANAGERS : Management's Discussion and Analysis of Financial Conditio..
11/07 BUYINS.NET : AMG SqueezeTrigger Price is $133.74. There is $143,135,774 That Sho..
11/01 BUYINS.NET : AMG SqueezeTrigger Price is $133.74. There is $141,730,272 That Sho..
10/31 AFFILIATED MANAGERS GROUP, INC. (NYS : AMG) Files An 8-K Reports Financial and ..
10/31 AFFILIATED MANAGERS : beats 3Q profit forecasts
10/31 AFFILIATED MANAGERS GROUP, INC. : Results of Operations and Financial Condition,..
10/31 AFFILIATED MANAGERS GROUP, INC. : Change in Directors or Principal Officers (for..
10/31 AFFILIATED MANAGERS : AMG Reports Financial and Operating Results for the Third ..
More news
Sector news : Investment Management & Fund Operators - NEC
12/02DJMorgan Stanley Toughens Pay Hurdles for Brokers
12/02 Trump creates business advisory council stacked with CEOs
12/01 CREDIT SUISSE : Swiss spin-off faces same capital rules as group
11/29DJAMP : Makes Changes to Senior Leadership
11/28 Britain's JD Sports buys Go Outdoors for 112 million pounds
More sector news : Investment Management & Fund Operators - NEC
News from SeekingAlpha
11/18 Mutual fund outflows continue post-election
11/10 Trump sets sights on DOL's fiduciary rule
11/09 VALUATION DASHBOARD : Financials And Real Estate - Update
11/07 AFFILIATED MANAGERS GROUP : A Different Breed Among Asset Managers
10/31 Affiliated Managers' (AMG) CEO Sean Healey on Q3 2016 Results - Earnings Call..
Advertisement
Financials ($)
Sales 2016 2 219 M
EBIT 2016 725 M
Net income 2016 459 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 15,11
P/E ratio 2017 13,21
Capi. / Sales 2016 3,63x
Capi. / Sales 2017 3,30x
Capitalization 8 063 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
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 182 $
Spread / Average Target 24%
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..-7.94%8 063
UBS GROUP AG0.00%60 621
BLACKROCK, INC.9.06%60 186
GOLDMAN SACHS BDC INC21.84%55 974
BANK OF NEW YORK MELLO..15.04%50 382
STATE STREET CORP18.75%30 257
More Results