Company: CNS
Filing Date: 2025-08-15
Form Type: 8-K
Source: 0001284812-25-000286
Chunk: 0

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-15
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On August 15, 2025, Cohen & Steers, Inc. (the “ Company”) entered into a First Amendment to Credit Agreement (the “ First Amendment”) which amends that certain Credit Agreement, dated as of January 20, 2023 (the “ Credit Agreement” and the Credit Agreement as amended by the First Amendment, the “ Amended Credit Agreement”), providing for a $100 million senior unsecured revolving credit facility maturing on August 15, 2029, with Bank of America, N. A., as administrative agent, sole lead arranger and sole bookrunner, State Street Bank and Trust Company, as syndication agent, and the other lending institutions from time to time party thereto.

Borrowings under the Amended Credit Agreement may be used for working capital and other general corporate purposes.

Amounts outstanding under the Amended Credit Agreement bear interest at a variable annual rate equal to, at the Company’s option, either, (i) in respect of Term SOFR Loans (as defined in the Amended Credit Agreement), a rate equal to Term SOFR (as defined in the Amended Credit Agreement) in effect for such period plus an applicable rate as determined according to a performance pricing grid and, (ii) in respect of Base Rate Loans (as defined in the Amended Credit Agreement), a rate equal to a Base Rate (as defined in the Amended Credit Agreement) plus an applicable rate as determined according to a performance pricing grid. The Company is also required to pay a commitment fee determined according to a performance pricing grid and based on the actual daily unused amount of the Amended Credit Agreement payable quarterly. Subject to timely prior written notice and payment of breakage fees, if any, the Company may at any time and from time to time (i) terminate all or any portion of the commitments under the Amended Credit Agreement and/or (ii) prepay all or any portion of any outstanding borrowings.

The Amended Credit Agreement contains financial covenants with respect to leverage and interest coverage, as well as customary affirmative and negative covenants, including limitations on priority indebtedness, asset dispositions and fundamental corporate changes, and certain customary events of default which, subject to any applicable grace and/or cure periods, could result in an acceleration of amounts due under the Amended Credit Agreement. Many of these covenants and restrictions are subject, however, to customary qualifications, thresholds and exceptions.

The foregoing description of