OM Asset Management in market with offering of notes

By Lisa Kerner

Charlotte, N.C., July 20 – OM Asset Management plc is in the market with an offering of new notes, according to a form 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to finance the purchase price for the Landmark Acquisition and for other general corporate purposes, including the settlement of an interest rate hedge in the amount of about $30 million and the purchase of seed capital investments from the company’s parent or an affiliate thereof.

OM Asset Management is a global, multi-boutique asset management company based in London.

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