AMG Announces Pricing of Junior Subordinated Notes Offering

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Mar 21, 2019
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WEST PALM BEACH, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today announced that it priced its underwritten public offering of $280 million of Junior Subordinated Notes due 2059 (the "Junior Subordinated Notes") at a price equal to 100% of par. AMG has also granted the underwriters a 30-day option to purchase up to an additional $42 million of Junior Subordinated Notes. The offering is expected to close on March 27, 2019, subject to the satisfaction of customary closing conditions.