Artisan Partners Doubles Borrowing Capacity with New $150M Facility

Artisan Partners Asset Management Inc. (NYSE: APAM), the sole general partner of Artisan Partners Holdings LP, has secured a new $150 million five-year credit facility to replace its existing $100 million revolver.

The new agreement was signed on September 23, 2026, and extends the maturity date by roughly four years, from August 16, 2027, to September 23, 2031. The refinancing increases the company's committed borrowing capacity by 50% and adds an accordion feature that could increase total capacity to $225 million.

The new facility has a pricing structure tied to Artisan Partners' leverage ratio, with borrowings bearing interest at either Term SOFR or Daily Floating Term SOFR plus a margin of 1.25% to 2.00%, or a base rate plus 0.25% to 1.00%. Unused commitments carry a fee of 0.125% to 0.275% per annum.

The lenders involved in the deal include Bank of America, N.A., Citibank, N.A., and Royal Bank of Canada, among others. The refinancing removes near-term refinancing risk for Artisan Partners and provides balance-sheet flexibility for seed capital, co-investment, share repurchases, or general corporate purposes.

While the new facility is priced off leverage-based tiers, carrying financial maintenance covenants that could increase borrowing costs if the company's leverage rises materially, the deal diversifies the lender group and adds an option to draw on more funding in the future.