Exhibit 10.1

 

COMMITMENT INCREASE AGREEMENT

 

June 3, 2016

 

Bank of America, N.A., as Administrative Agent
under the Credit Agreement referred to below
Attention:  Felicia Brinson

 

Ladies and Gentlemen:

 

Please refer to the Credit Agreement dated as of September 22, 2015 (as amended
or otherwise modified from time to time, the “Credit Agreement”) among
Affiliated Managers Group, Inc., as Borrower, various financial institutions and
Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C
Issuer.  Capitalized terms used but not defined herein have the respective
meanings set forth in the Credit Agreement.

 

In connection with the increase in the Aggregate Commitments from $1,300,000,000
to $1,450,000,000 pursuant to Section 2.3 of the Credit Agreement, each of
Barclays Bank PLC (“Barclays”), The Bank of Tokyo-Mitsubishi UFJ, LTD. (“BTMU”),
and JPMorgan Chase Bank, N.A.  (“JPM” and, together with Barclays and BTMU,
collectively, the “Increasing Lenders” and, each, an “Increasing Lender”), each
an existing Lender under the Credit Agreement, has agreed to increase its
respective Commitment from (i) $90,000,000 to $150,000,000, in the case of
Barclays, (ii) $110,000,000 to $160,000,000, in the case of BTMU and
(iii) $90,000,000 to $130,000,000, in the case of JPM, to facilitate such
increase in the Aggregate Commitments; and in each case, on June 8, 2016,
subject to the occurrence of the Increase Conditions (as defined below) (such
date, the “Increase Effective Date”).

 

Each Increasing Lender agrees to execute and deliver such other instruments, and
take such other actions, as the Administrative Agent or the Borrower may
reasonably request in connection with the transactions contemplated by this
Commitment Increase Agreement (this “Agreement”).

 

Each Increasing Lender acknowledges and agrees that, on the Increase Effective
Date, such Lender’s Commitment shall be increased as set forth in the second
paragraph hereof and such Increasing Lender will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender.

 

As of the Increase Effective Date, Schedule I (Lender Commitments) to the Credit
Agreement shall be replaced by Schedule I (Lender Commitments) attached hereto,
and the Increase Effective Date shall be deemed to be the Increase Effective
Date referred to in the Credit Agreement.

 

This Agreement shall be effective as of the date hereof upon the Administrative
Agent’s receipt of this Agreement duly executed by each of the parties hereto. 
The effectiveness of the increase on the Increase Effective Date shall be
subject to (i) the Administrative Agent’s receipt prior to 11:00am Eastern time,
June 8, 2016, of a certificate dated as of the Increase Effective Date signed by
a Responsible Officer of the Borrower (x) certifying and attaching the
resolutions

 

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adopted by the Borrower approving or consenting to such increase, and
(y) certifying that, before and after giving effect to such increase, no Default
or Event of Default exists and (ii) the payment of any fees due to the
Increasing Lenders (collectively, the “Increase Conditions”).

 

This Agreement shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns.  This Agreement may be
executed in any number of counterparts, which together shall constitute one
instrument.  Delivery of an executed counterpart of a signature page of this
Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Agreement.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

[Signature Pages Follow]

 

2

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Very truly yours,

 

 

 

BARCLAYS BANK PLC

 

 

 

 

 

By:

/s/ Ronnie Glenn

 

Name:

Ronnie Glenn

 

Title:

Vice President

 

 

 

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

 

 

 

 

By:

/s/ Glenn Schuermann

 

Name:

Glenn Schuermann

 

Title:

Director

 

 

 

 

 

JPMORGAN CHASE BANK, N.A.

 

 

 

 

 

By:

/s/ Kenise Henry Larmond

 

Name:

Kenise Henry Larmond

 

Title:

Vice President

 

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Acknowledged and consented to as of

June 3, 2016

 

BANK OF AMERICA, N.A., as Administrative Agent

 

By:

/s/ Angela Larkin

 

Name:

Angela Larkin

 

Title:

Assistant Vice President

 

 

Acknowledged and consented to as of

June 3, 2016

 

AFFILIATED MANAGERS GROUP, INC., as Borrower

 

By:

/s/ Jay C. Horgen

 

Name:

Jay C. Horgen

 

Title:

Chief Financial Officer and Treasurer

 

 

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SCHEDULE I

 

LENDER COMMITMENTS/LOANS

 

Lenders

 

Commitment

 

Commitment Percentage

 

BANK OF AMERICA, N.A.

 

$

120,000,000.00

 

8.275862069

%

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

$

160,000,000.00

 

11.034482759

%

BARCLAYS BANK PLC

 

$

150,000,000.00

 

10.344827586

%

JPMORGAN CHASE BANK, N.A.

 

$

130,000,000.00

 

8.965517241

%

CITIZENS BANK, N.A.

 

$

110,000,000.00

 

7.586206897

%

CITIBANK, N.A.

 

$

95,000,000.00

 

6.551724138

%

ROYAL BANK OF CANADA

 

$

95,000,000.00

 

6.551724138

%

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

$

95,000,000.00

 

6.551724138

%

BMO HARRIS BANK N.A.

 

$

90,000,000.00

 

6.206896551

%

DEUTSCHE BANK AG, NEW YORK BRANCH

 

$

90,000,000.00

 

6.206896551

%

U.S. BANK NATIONAL ASSOCIATION

 

$

60,000,000.00

 

4.137931036

%

THE HUNTINGTON NATIONAL BANK

 

$

55,000,000.00

 

3.793103448

%

THE BANK OF NEW YORK MELLON

 

$

50,000,000.00

 

3.448275862

%

THE BANK OF NOVA SCOTIA

 

$

50,000,000.00

 

3.448275862

%

THE NORTHERN TRUST COMPANY

 

$

50,000,000.00

 

3.448275862

%

SUNTRUST BANK

 

$

50,000,000.00

 

3.448275862

%

 

 

 

 

 

 

Total

 

$

1,450,000,000.00

 

100.000000000

%

 

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