<a href="https://laohu8.com/S/COHN">Cohen &</a>amp; Steers Inc. Amends $100 Million Credit Agreement with Bank of America and State Street Bank, Extending Maturity to 2029
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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cohen & Steers Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001284812-25-000286), on August 15, 2025, and is solely responsible for the information contained therein.
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