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  4. [8-K] Artisan Partners Asset Management Inc. Reports Material Event

Artisan Partners signs $150M five-year credit line

The new facility was undrawn as of the report date and imposes leverage and interest-coverage tests on Holdings.

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Artisan Partners Asset Management Inc. said its subsidiary Artisan Partners Holdings LP, of which the company is sole general partner, entered into a $150 million five-year revolving credit facility on September 23, 2026. Subject to the agreement’s conditions, Holdings may request increases up to a maximum aggregate commitment of $225 million. The facility matures September 23, 2031. At closing, Holdings terminated its prior $100 million revolving facility; no borrowings were outstanding under either facility at termination or, for the new facility, as of the report date.

Holdings may elect Term SOFR or Daily Floating Term SOFR plus a 1.25%-2.00% margin, or a base rate plus a 0.25%-1.00% margin; the applicable margins vary with its leverage ratio. Unused commitments carry an annual fee of 0.125%-0.275%. The agreement requires a consolidated leverage ratio no higher than 3.00 to 1.00, temporarily increased to 3.50 to 1.00 following certain qualifying acquisitions, and an interest coverage ratio of at least 4.00 to 1.00. Artisan Partners Limited Partnership and Grandview Property Partners, LLC guarantee Holdings’ obligations.

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Revolving credit facility $150 million Five-year facility entered into September 23, 2026
Maximum aggregate commitment $225 million Increases may be requested subject to the agreement’s conditions
Facility maturity September 23, 2031 Maturity date under the Credit Agreement
Term SOFR margin 1.25%-2.00% per annum Applicable margin varies with Holdings’ leverage ratio
Base-rate margin 0.25%-1.00% per annum Applicable margin varies with Holdings’ leverage ratio
Consolidated leverage ratio Not more than 3.00 to 1.00; temporarily up to 3.50 to 1.00 Temporary increase follows certain qualifying acquisitions
Consolidated interest coverage ratio Not less than 4.00 to 1.00 Financial covenant under the Credit Agreement
Outstanding borrowings $0 Under the new facility as of the report date
Daily Floating Term SOFR financial
"Daily Floating Term SOFR plus an applicable margin"
commitment fee financial
"Unused commitments will bear a commitment fee"
A commitment fee is a charge a lender applies to a borrower for keeping a loan or line of credit available, even before any money is drawn. Think of it as a reservation fee for borrowing power; the borrower pays to ensure funds will be there when needed. Investors care because it adds to a company’s borrowing cost, affects cash flow and liquidity, and can signal lenders’ willingness to extend credit.
consolidated leverage ratio financial
"maintain a consolidated leverage ratio of not more than 3.00 to 1.00"
A consolidated leverage ratio measures a business group's total debt compared with its ability to pay, by using combined figures for the parent company and its subsidiaries. Think of it like comparing the total mortgage across all properties you own to your overall income or net worth; investors use it to judge how risky the company’s capital structure is and how vulnerable it may be to rising interest rates or income drops.
consolidated interest coverage ratio financial
"a consolidated interest coverage ratio of not less than 4.00 to 1.00"
A consolidated interest coverage ratio measures how easily a company and all its subsidiaries can pay the interest on their debt from their operating profits. It divides the group’s operating profit (earnings before interest and taxes) by the interest expenses; a higher number is like having more months of income set aside to cover loan payments, which matters to investors because it signals financial stability and lower default risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is APAM’s new revolving credit facility?
Artisan Partners Holdings LP entered into a $150 million five-year revolving credit facility. Subject to the agreement’s conditions, Holdings may request increases up to a maximum aggregate commitment of $225 million.

When does APAM’s new credit facility mature?
The facility matures on September 23, 2031.

What financial covenants apply to APAM’s new facility?
Holdings must maintain a consolidated leverage ratio of not more than 3.00 to 1.00 and a consolidated interest coverage ratio of not less than 4.00 to 1.00. The leverage limit may temporarily increase to 3.50 to 1.00 following certain qualifying acquisitions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 23, 2026
Artisan Partners Asset Management Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3582645-0969585
(State or other jurisdiction of
incorporation or organization)		(Commission file number)(I.R.S. Employer
Identification No.)
875 E. Wisconsin Avenue, Suite 800
Milwaukee, WI 53202
(Address of principal executive offices and zip code)

(414) 390-6100
(Registrant’s telephone number, including area code)

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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A common stock, par value $0.01 per shareAPAMNew York Stock Exchange
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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
                             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 1.01 Entry into a Material Definitive Agreement.
On September 23, 2026, Artisan Partners Holdings LP (“Holdings”), of which Artisan Partners Asset Management Inc. (the “Company”) is the sole general partner, entered into a credit agreement (the “Credit Agreement”) providing for a $150 million five-year revolving credit facility with Bank of America, N.A. as administrative agent and letter of credit issuer, Citibank, N.A. as syndication agent, and BofA Securities, Inc., Citibank, N.A. and Royal Bank of Canada as joint lead arrangers and joint bookrunners. Holdings may, subject to the conditions set forth in the Credit Agreement, request one or more increases in the commitments under the facility up to a maximum aggregate commitment amount of $225 million. The Credit Agreement matures on September 23, 2031. In connection with the closing of the Credit Agreement, Holdings’ Second Amended and Restated Five-Year Revolving Credit Agreement dated August 16, 2022 was terminated.
Borrowings under the Credit Agreement will generally bear interest at a rate per annum equal to, at Holdings’ election, (i) Term SOFR or Daily Floating Term SOFR plus an applicable margin ranging from 1.25% to 2.00%, depending on Holdings’ leverage ratio or (ii) a base rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) Bank of America, N.A.’s prime rate, (c) Term SOFR plus 1.00% and (d) 1.00%, plus an applicable margin ranging from 0.25% to 1.00%, depending on Holdings’ leverage ratio. Unused commitments will bear a commitment fee at a rate that ranges from 0.125% to 0.275% per annum, depending on Holdings’ leverage ratio.
The Credit Agreement contains customary covenants and events of default, including financial covenants requiring Holdings to maintain a consolidated leverage ratio of not more than 3.00 to 1.00, subject to a temporary increase to 3.50 to 1.00 following certain qualifying acquisitions, and a consolidated interest coverage ratio of not less than 4.00 to 1.00. Artisan Partners Limited Partnership and Grandview Property Partners, LLC, each a wholly-owned subsidiary of Holdings, have guaranteed Holdings’ obligations under the Credit Agreement. As of the date of this filing, there were no outstanding borrowings under the Credit Agreement.
This summary of the Credit Agreement is qualified in its entirety by reference to the terms of the Credit Agreement attached hereto as Exhibit 10.1, which is incorporated herein by reference.

Item 1.02 Termination of a Material Definitive Agreement.
In connection with the entry into the Credit Agreement described in Item 1.01 above, Holdings terminated its Second Amended and Restated Five-Year Revolving Credit Agreement, dated August 16, 2022, with Citibank, N.A. as administrative agent and the lenders party thereto, which provided for a $100 million revolving credit facility and was scheduled to mature on August 16, 2027. There were no outstanding borrowings under the prior agreement at the time of termination.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement.
The information included in Item 1.01 above is incorporated by reference into this Item 2.03.




Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription of Exhibit
10.1
Credit Agreement, dated as of September 23, 2026, among Artisan Partners Holdings LP, the lenders named therein, Bank of America, N.A., as Administrative Agent and L/C Issuer, Citibank, N.A., as Syndication Agent, and BofA Securities, Inc., Citibank, N.A. and Royal Bank of Canada, as joint lead arrangers and joint bookrunners.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Artisan Partners Asset Management Inc.
Date: September 25, 2026
By:/s/ Charles J. Daley, Jr.
Name:Charles J. Daley, Jr.
Title:Executive Vice President, Chief Financial Officer and Treasurer


Source: View Original Filing on SEC EDGAR

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