LEGG MASON, INC. (NYSE:LM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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the Borrower), Citibank, N.A., as administrative agent, and the
other banks party thereto (collectively, the Lenders), entered
into a fourth amendment and waiver (the Fourth Amendment) to the
Companys unsecured Credit Agreement, dated as of December 29,
2015 (as amended by the First Amendment, dated as of March 31,
2016, the Second Amendment, dated as of September 7, 2016, and
the Third Amendment, dated as of March 31, 2017, the Credit
Agreement) to which the Lenders made available to the Company a
multi-currency revolving credit facility.
in the Credit Agreement to include any swap, forward, future or
derivative transaction or option or similar agreement involving,
or settled by reference to, one or more rates, currencies,
commodities, equity or debt instruments or securities, or
economic, financial, pricing or equity indices or measures of
economic, financial or pricing risk or value or any similar
transaction or any combination of these transactions.
Credit Agreement so that the Borrower (in addition to its
Significant Subsidiaries (as defined in the Credit Agreement)) is
permitted to incur Liens (as defined in the Credit Agreement) to
secure obligations (including obligations in respect of Hedging
Agreements) in an aggregate amount not exceeding (as to the
Borrower and all of its Significant Subsidiaries) US $200,000,000
at any one time outstanding.
under the Credit Agreement that may have arisen prior to the date
of the Fourth Amendment as a result of the provision of cash
collateral by the Borrower to secure obligations under certain
Hedging Agreements.
business relationships with most of the Lenders.
purport to be complete and is qualified in its entirety by
reference to the Fourth Amendment, which is filed as an exhibit
hereto and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit No.
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Subject Matter
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1.1
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Fourth Amendment and Waiver, dated as of June 2, 2017,
to the Credit Agreement, dated as of December 29, 2015 (as amended by the First Amendment to the Credit Agreement, dated as of March 31, 2016, the Second Amendment to the Credit Agreement, dated as of September 7, 2016, and the Third Amendment, dated as of March 31, 2017), by and among Legg Mason, Inc., as borrower, Citibank, N.A., as administrative agent, and each of the lenders from time to time party thereto, filed herewith. |
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About LEGG MASON, INC. (NYSE:LM)
Legg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan. LEGG MASON, INC. (NYSE:LM) Recent Trading Information
LEGG MASON, INC. (NYSE:LM) closed its last trading session up +0.15 at 38.03 with 990,033 shares trading hands.