Summary
Affiliated Managers Group, Inc. (AMG) announced on December 8, 2025, that it has issued a notice to redeem all outstanding 5.15% Convertible Trust Preferred Securities due 2037. The redemption is scheduled for December 29, 2025, with securities being repurchased at par value plus accrued interest. This action is a strategic move to simplify AMG's capital structure and maintain its long-duration debt profile.
Key Highlights
- 1AMG is redeeming all 5.15% Convertible Trust Preferred Securities due 2037 on December 29, 2025.
- 2The redemption price is 100% of the principal amount plus accrued and unpaid interest.
- 3AMG intends to use net proceeds from a potential senior notes offering to fund this redemption.
- 4The company aims to simplify its capital structure through this transaction.
- 5The redemption is not contingent on the completion of the senior notes offering or any other financing.
- 6Holders can convert their preferred securities into cash prior to the redemption date if a valid conversion notice is provided.
Frequently Asked Questions
AMG is redeeming all outstanding 5.15% Convertible Trust Preferred Securities due 2037 on December 29, 2025.
The redemption price is 100% of the principal amount of the securities, plus any accrued and unpaid interest up to, but not including, the redemption date.
AMG intends to use the net proceeds from its previously announced offering of senior notes to fund the redemption, if that offering is consummated.
No, the redemption of the preferred securities is not conditioned upon the consummation of the senior notes offering or any other financing condition.