AAMI to fully redeem $275M 4.800% senior notes on Dec. 1, 2025

Rhea-AI Filing Summary

Acadian Asset Management Inc. (AAMI) announced the full redemption of its $275 million aggregate principal amount of 4.800% Senior Notes due July 27, 2026. The redemption is expected to occur on December 1, 2025. Holders will receive a redemption price of $1,004.01 per $1,000 of principal, which is based on the present value of the remaining scheduled payments using the defined Treasury Rate plus 0.50%. In addition, the company will pay $4,546,666.67 in accrued and unpaid interest on the notes up to, but excluding, the redemption date, resulting in a cash outlay above the notes’ face value.

Positive

• Full redemption of $275 million 4.800% 2026 notes removes this debt ahead of maturity, ending future coupon payments on these securities after December 1, 2025.

Negative

• None.

Insights

Corporate credit and capital structure analyst

AAMI is fully redeeming $275M of 4.800% notes ahead of 2026 maturity.

Acadian Asset Management is redeeming all $275,000,000 aggregate principal of its 4.800% Senior Notes due July 27, 2026. The redemption is expected on December 1, 2025, several months before scheduled maturity, at a make-whole price of $1,004.01 per $1,000 of principal, plus accrued and unpaid interest of $4,546,666.67. This structure reflects a standard make-whole call based on the Treasury Rate plus 0.50%.

Economically, the transaction means a near-term cash outflow above par value as the company retires this debt. While the filing does not discuss funding sources or follow-on financing, eliminating a $275,000,000 note removes future interest obligations on the 4.800% coupon after the redemption date. The net impact on leverage, liquidity, and interest expense will depend on how the redemption is financed, which is not detailed here.

Investors can note the confirmed amounts and timing: total principal of $275,000,000, redemption premium embedded in the $1,004.01 per $1,000 price, and accrued interest of $4,546,666.67 payable on December 1, 2025. Subsequent company reports may provide additional context on capital structure strategy around this redemption.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 25, 2025

Acadian Asset Management Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-38979			47-1121020
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification Number)

200 State Street, Suite 601A

Boston, Massachusetts 02109

(617) 369-7300

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.001 per share			AAMI			New York Stock Exchange
4.800% Notes due 2026			AAMI 26			New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐               Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐               Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐                Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐                Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01    Other Events.

As previously disclosed, on October 30, 2025, Acadian Asset Management Inc. (the “Company”) issued a notice for the full redemption of all $275 million aggregate principal amount outstanding of its 4.800% Senior Notes due July 27, 2026 (CUSIP: 10948WAA1) (the “2026 Notes”). The 2026 Notes were issued under (i) the Indenture, dated as of July 25, 2016, among the Company, Wilmington Trust, National Association, as Trustee (the “Trustee”), and Citibank, N.A., as Securities Administrator (the “Securities Administrator”), (ii) the First Supplemental Indenture, dated as of July 25, 2016, among the Company, the Trustee and the Securities Administrator (the “First Supplemental Indenture”) and (iii) the Third Supplemental Indenture, dated as of July 11, 2019 among the Company, the Trustee and the Securities Administrator.

The redemption is expected to occur on December 1, 2025 (the “Redemption Date”). The redemption price for the 2026 Notes is $1,004.01 per $1,000.00 of principal amount of the 2026 Notes, which is equal to the sum of the present values of the Remaining Scheduled Payments (as defined in the First Supplemental Indenture), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the First Supplemental Indenture) plus 0.50% (50 basis points), plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the Redemption Date. The accrued and unpaid interest to be paid on redemption is $4,546,666.67.

ITEM 9.01                                       Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No.			Description
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this form to be signed on its behalf by the undersigned, thereto duly authorized.

Date:

November 25, 2025

ACADIAN ASSET MANAGEMENT INC.

By:

/s/ Scott Hynes

Name:

Scott Hynes

Title:

Chief Financial Officer

FAQ

What did Acadian Asset Management Inc. (AAMI) announce in this 8-K?

Acadian Asset Management Inc. announced it will fully redeem all $275 million aggregate principal amount of its 4.800% Senior Notes due July 27, 2026.

When will AAMI redeem its 4.800% Senior Notes due 2026?

The redemption of the 4.800% Senior Notes due 2026 is expected to occur on December 1, 2025, which is defined as the Redemption Date.

What redemption price will holders of AAMI’s 2026 notes receive?

Holders will receive a redemption price of $1,004.01 per $1,000 of principal, calculated using the present value of remaining scheduled payments based on the Treasury Rate plus 0.50%.

How much accrued interest will AAMI pay on the 2026 notes at redemption?

Acadian Asset Management Inc. will pay $4,546,666.67 in accrued and unpaid interest on the 2026 notes to, but excluding, the December 1, 2025 Redemption Date.

What is the total principal amount of AAMI’s 4.800% notes being redeemed?

The company is redeeming all $275 million aggregate principal amount outstanding of its 4.800% Senior Notes due July 27, 2026.

Under what agreements were AAMI’s 2026 notes originally issued?

The 2026 notes were issued under an Indenture dated July 25, 2016, along with a First Supplemental Indenture dated July 25, 2016 and a Third Supplemental Indenture dated July 11, 2019, among the company, Wilmington Trust as Trustee, and Citibank, N.A. as Securities Administrator.