Exhibit 99.1
| Contact: | Brett S. Perryman |
| Affiliated Managers Group, Inc. |
| (617) 747-3300 |
AMG Announces Completion of $550 Million Senior Credit Facility
Boston, MA, December 6, 2005 – Affiliated Managers Group, Inc. (NYSE: AMG) announced that it has closed an amended and restated $550 million five-year senior credit facility. The facility, which may be increased to $650 million, replaces AMG’s previous $405 million credit facility. The new facility was syndicated among a group of lenders, including Bank of America, N.A., as lead agent, and JPMorgan Chase Bank, N.A., The Bank of New York, U.S. Bank National Association, and ING Capital, LLC, as co-agents.
“The completion of this new, larger credit facility is a testament to our strong financial position and the excellent financial results we have achieved over the past several years,” said Darrell W. Crate, Executive Vice President and Chief Financial Officer of AMG. “The facility supplements our strong balance sheet and substantial cash flow from operations, and will provide us with additional capital resources as we continue to make new investments, repay existing indebtedness, or repurchase our common stock, as appropriate.”
AMG is an asset management company with equity investments in a diverse group of mid-sized investment management firms. AMG’s affiliated investment management firms managed approximately $175 billion in assets at September 30, 2005.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, our ability to complete pending acquisitions, the investment performance of our Affiliates and their ability to effectively market their investment strategies, and other risks detailed from time to time in AMG’s filings with the Securities and Exchange Commission. Reference is hereby made to the “Cautionary Statements” set forth in the Company’s Form 10-K for the year ended December 31, 2004.
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For more information on Affiliated Managers Group, Inc.,
please visit AMG’s Web site at www.amg.com.
