Artisan Partners Asset Management Inc., through its subsidiary Artisan Partners Holdings LP, has entered into a new Note Purchase Agreement on June 3, 2025, with several note purchasers. Under this agreement, Artisan Holdings will issue $50 million of Series G Senior Notes in a private placement set for August 15, 2025. The Series G Notes, bearing an interest rate of 5.43% per annum, will mature on August 16, 2030. The proceeds from this issuance will be used to repay the Series D senior notes maturing in August 2025. The agreement includes covenants such as maintaining a Leverage Ratio not exceeding 3.00 to 1.00, and an Interest Coverage Ratio of at least 4.00 to 1.00 over any four consecutive fiscal quarters. In the case of a default or a significant change in control, the notes may become immediately payable.
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