SILVERCREST ASSET MANAGEMENT GROUP INC. (NASDAQ:SAMG) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June 24, 2013, the subsidiaries of Silvercrest L.P. entered
into a $15.0 million credit facility with City National Bank.
Certain subsidiaries of Silvercrest L.P. are the borrowers under
such facility and Silvercrest L.P. guarantees the obligations of
such subsidiaries under the credit facility (Silvercrest L.P. and
such borrower subsidiaries collectively, the Credit Parties). The
credit facility is secured by certain assets of Silvercrest L.P.
and the borrower subsidiaries. The credit facility consists of a
$7.5 million delayed draw term loan that matures on June 24, 2020
and a $7.5 million revolving credit facility that matures on
December 24, 2016.On December 23, 2016, the Credit Parties and
City National Bank entered into the First Amendment To Credit
Agreement (the First Amendment) whereby the $7.5 million
revolving credit facility maturity date was extended until
December 23, 2017.The credit agreement and all other loan
documents between the Credit Parties and City National Bank
continued in full force and effect.
The First Amendment is filed herewith as Exhibit 4.1 and is
incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
|
Exhibit Number |
Description |
|
4.1 |
First Amendment to Credit Agreement, dated as of December |
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