Cohen & Steers Inc. has announced the amendment of its existing corporate loan agreement with Bank of America, N.A., and other financial institutions. The First Amendment to the Credit Agreement, initially dated January 20, 2023, was finalized on August 15, 2025. This amendment establishes a $100 million senior unsecured revolving credit facility, set to mature on August 15, 2029. The facility will be utilized for working capital and general corporate purposes. The Amended Credit Agreement includes financial covenants related to leverage and interest coverage, alongside standard affirmative and negative covenants. Interest rates on outstanding amounts under this agreement will vary, with options tied to Term SOFR Loans or Base Rate Loans, and are determined according to a performance pricing grid. Additionally, Cohen & Steers Inc. will pay a commitment fee based on the unused portion of the credit facility.
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