P10 Expands Credit Agreement to $500 Million
2024年8月5日 - 9:30PM
P10, Inc. (NYSE: PX) (the “Company”), a leading private
markets solutions provider, today announced an amended and restated
credit agreement that expands the existing total credit capacity to
$500 million from new and existing lenders.
“Our upsized credit facilities strengthen P10’s balance sheet,
while offering ample financial flexibility as we execute our
organic and inorganic growth roadmap,” said Amanda Coussens,
Executive Vice President, Chief Financial Officer and Chief
Compliance Officer. “This successful refinancing which was led by
JPMorgan Chase Bank, N.A., KeyBanc Capital Markets, Inc., and Texas
Capital Bank, extends maturities for an additional four years to
August 2028. I want to thank our lending partners, many of whom we
have worked with for years, for their belief in P10’s vision for
accelerated growth.”
JPMorgan Chase Bank, N.A., KeyBanc Capital Markets, Inc., and
Texas Capital Bank served as Joint Lead Arrangers and Joint
Bookrunners. The bank syndicate represents a diversified group of
14 lenders.
The Company will use the loan proceeds to pay off the
outstanding borrowings under its existing credit facility and
execute previously stated organic and inorganic growth
initiatives.
The new agreement provides for a senior secured revolving credit
facility in the amount of $175 million and a senior secured term
loan facility of $325 million. The new agreement also provides for
an ability to increase the amount of the credit facilities by up to
$125 million, subject to certain conditions.
About P10
P10 is a leading multi-asset class private markets solutions
provider in the alternative asset management industry. P10’s
mission is to provide its investors differentiated access to a
broad set of investment solutions that address their diverse
investment needs within private markets. As of March 31, 2024,
P10 has a global investor base of more than 3,600 investors across
50 states, 60 countries, and six continents, which includes some of
the world’s largest pension funds, endowments, foundations,
corporate pensions, and financial institutions.
Visit www.p10alts.com.
Forward-Looking Statements
Some of the statements in this release may constitute
“forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform
Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,”
“continue,” “anticipate,” “intend,” “plan” and similar expressions
are intended to identify these forward-looking statements.
Forward-looking statements discuss management’s current
expectations and projections relating to our financial position,
results of operations, plans, objectives, future performance, and
business. The inclusion of any forward-looking information in this
release should not be regarded as a representation that the future
plans, estimates, or expectations contemplated will be achieved.
Forward-looking statements reflect management’s current plans,
estimates, and expectations, and are inherently uncertain. All
forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other important factors that may
cause actual results to be materially different; global and
domestic market and business conditions; successful execution of
business and growth strategies and regulatory factors relevant to
our business; changes in our tax status; our ability to maintain
our fee structure; our ability to attract and retain key employees;
our ability to manage our obligations under our debt agreements;
our ability to make acquisitions and successfully integrate the
businesses we acquire; assumptions relating to our operations,
financial results, financial condition, business prospects and
growth strategy; and our ability to manage the effects of events
outside of our control. The foregoing list of factors is not
exhaustive. For more information regarding these risks and
uncertainties as well as additional risks that we face, you should
refer to the “Risk Factors” included in our annual report on
Form 10-K for the year ended December 31, 2023,
filed with the U.S. Securities and Exchange Commission (“SEC”) on
March 13, 2024, and in our subsequent reports filed from time to
time with the SEC. The forward-looking statements included in this
release are made only as of the date hereof. We undertake no
obligation to update or revise any forward-looking statement as a
result of new information or future events, except as otherwise
required by law.
P10 Investor Contact:info@p10alts.com
P10 Media Contact:Taylor
Donahuetdonahue@prosek.com
P10 (NYSE:PX)
過去 株価チャート
から 8 2024 まで 9 2024
P10 (NYSE:PX)
過去 株価チャート
から 9 2023 まで 9 2024