Monitor for any draws on the $5.0 million term loan commitment, which could signal acquisition activity or share repurchases per permitted uses. The credit facility terms remain consistent with prior structure and provide adequate liquidity headroom. No immediate trading catalyst.
Price Chart
Executive Summary
Silvercrest Asset Management Group entered into a Second Amendment to its credit agreement with City National Bank on June 18, 2026. The amendment increases the term loan commitment from $0 to $5.0 million (with $10.0 million already drawn), extends the term loan maturity to June 18, 2029 (with two one-year extension options), and keeps the $10.0 million revolving credit facility maturing June 18, 2027. No revolving loans are currently outstanding. This is a routine credit facility amendment providing additional liquidity flexibility.
Key Financial Metrics
Key Facts
- Second Amendment to Amended and Restated Credit Agreement with City National Bank dated June 18, 2026
- Term loan commitment increased from $0 to $5.0 million; existing $10.0 million term loan remains outstanding
- $10.0 million revolving credit facility with $0 drawn; maturity June 18, 2027
- Term loan maturity extended to June 18, 2029, subject to two one-year extension options (max June 18, 2031)
- Term loan draw period ends June 18, 2028
- Amendment fee of $15,000 and commitment fee of $58,333.33 paid on effective date
- SOFR Margin of 2.80% and Base Rate Margin of 0.25% unchanged
- Financial covenants unchanged: max senior debt/EBITDA 1.25x, min Fixed Charge Coverage Ratio 1.25x
Financial Impact
Routine amendment providing $5.0 million in additional term loan availability; no material change to existing $10.0 million term loan or $10.0 million revolver (undrawn). Total fees of $73,333.33 paid.
Risk Factors
- No material risks identified from this routine credit amendment
- Financial covenants (1.25x senior debt/EBITDA, 1.25x FCCR) could constrain leverage if AUM declines significantly
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-275795 |
| Document: samg-20260618.htm | 0001193125-26-275795 |
| Document: 0001193125-26-275795-index-headers.html | 0001193125-26-275795 |
| Document: 0001193125-26-275795-index.html | 0001193125-26-275795 |
| Document: 0001193125-26-275795.txt | 0001193125-26-275795 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | Insider Buy | $10.59 | awaiting T+5 | — | $10.12 (−4.44%) |
Oct 23, 2026 2d ago | 8-K | $10.12 | awaiting T+5 | — | $10.12 (−0.00%) |
Oct 23, 2026 2d ago | Press Release | $10.12 | awaiting T+5 | — | $10.12 (−0.00%) |
Oct 16, 2026 9d ago | SC 13D/A | $10.46 | awaiting T+5 | — | $10.12 (−3.25%) |
Oct 13, 2026 12d ago | SC 13D/A | $10.21 $10.32 | ▲ +1.08% | ▲ +0.62% | $10.12 (−0.88%) |
Sep 30, 2026 25d ago | SC 13D | $10.49 $10.19 | ▼ −2.86% | ▼ −4.16% | $10.12 (−3.53%) |
Jun 18, 2026 18w ago | 8-K | $10.30 $11.61 | ▲ +12.72% | ▲ +14.79% | $10.12 (−1.75%) |
May 11, 2026 23w ago | 8-K | $12.56 $12.00 | ▲ +4.46% | ▲ +4.54% | $10.12 (+19.43%) |
May 5, 2026 24w ago | Press Release | $13.18 $12.56 | ▼ −4.70% | ▼ −5.83% | $10.12 (−23.22%) |
Mar 16, 2026 31w ago | Press Release | $13.44 $13.20 | ▲ +1.79% | ▼ −0.87% | $10.12 (+24.70%) |
US Market Status
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