Affiliated Managers greenshoe exercised, lifts sale by $15 million

By Tali David

Minneapolis, Oct. 11 - Affiliated Managers Group, Inc. said the over-allotment option on its 5.25% senior note offering was exercised in full, increasing the offering by $15 million, according to an 8-K filed with the Securities and Exchange Commission.

The company will now sell $140 million of the $25-par senior notes due 2022.

Affiliated Managers originally priced $125 million of the notes on Oct. 3 at par with a 5.25% coupon.

Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the joint bookrunning managers.

As previously reported, proceeds will be used to pay down a revolving credit facility.

Affiliated Managers is a Prides Crossing Mass.-based asset management company.

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