Item 1.01 Entry into a Material Definitive Agreement.
On June 24, 2013, the subsidiaries of Silvercrest L.P. entered into a $15.0
million credit facility with City National Bank. Certain subsidiaries of
Silvercrest L.P. are the borrowers under such facility and Silvercrest L.P.
guarantees the obligations of its subsidiaries under the credit facility
(Silvercrest L.P. and such borrower subsidiaries collectively, the "Credit
Parties"). The credit facility is secured by certain assets of Silvercrest L.P.
and the borrower subsidiaries. Effective July 1, 2019, the credit facility was
increased and consists of a $25.5 million delayed draw term loan that matures on
July 1, 2026 and a $10.0 million revolving credit facility with a stated
maturity date of June 18, 2023. On June 15, 2023, the Credit Parties and City
National Bank entered into the Twelfth Amendment to the Credit Agreement (the
"Twelfth Amendment") whereby the $10.0 million revolving credit facility
maturity date was extended until June 18, 2024. The credit agreement and all
other loan documents between the Credit Parties and City National Bank continued
in full force and effect.
The Twelfth Amendment is filed herewith as Exhibit 4.1 and is incorporated
herein by this reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit
Number Description
4.1 Ninth Amendment to Credit Agreement, dated as of June 17, 2021,
among Silvercrest Asset Management Group LLC, Silvercrest Investors
LLC, Silvercrest Investors II LLC and Silvercrest Financial Services,
Inc., as borrowers, City National Bank, a national banking
association, and acknowledged by Silvercrest L.P., as guarantor.
104 Cover Page Interactive Data File (embedded within Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
SILVERCREST ASSET MANAGEMENT GROUP INC. 
