By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Artisan Partners Holdings LP will place $90 million of series F senior notes due Aug. 16, 2032 with a 3.1% coupon, according to an 8-K filing with the Securities and Exchange Commission.
BofA Securities, Inc. and Citigroup Global Markets, Inc. are the agents.
Proceeds will be used to refinance the company’s series C notes.
The note terms require the issuer to keep its leverage ratio at or below 3 to 1 and its interest coverage ratio for any four consecutive fiscal quarters at 4 to 1 or higher.
Artisan will be required to prepay the notes on a change of control or if its assets under management fall below an average of $45 billion in a quarter.
Artisan Partners Holdings has Artisan Asset Management Inc. as its sole general partner. Artisan is a Milwaukee-based independent investment management firm.
| Issuer: | Artisan Partners Holdings LP
|
| Issue: | Series F senior notes
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| Amount: | $90 million
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| Maturity: | Aug. 16, 2032
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| Coupon: | 3.1%
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| Agents: | BofA Securities, Inc. and Citigroup Global Markets, Inc.
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| Pricing date: | Dec. 7
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| Settlement date: | Aug. 16, 2022
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| Distribution: | Private placement
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