Affiliated Managers Group (AMG) Sells $460M of Convertible Senior Notes
Affiliated Managers Group, based in Boston, Massachusetts, is a diversified asset management company with approximately $254B in assets. The company’s strategy is in generating growth through the internal growth of its existing affiliates, as well as through investments in new affiliates. Through the company’s innovative partnership approach, individual members of each affiliate’s management team retain or receive significant direct equity ownership in their firm while maintaining operating autonomy. Affiliated announced this month that it has sold $460M of convertible senior notes that were due 2038. As part of the transaction, the initial purchasers exercised an option to purchase up to…