Business Context and Reporting Period
Company: Silvercrest Asset Management Group Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 21, 2017
Event: Entry into a Material Definitive Agreement (Third Amendment to Credit Agreement).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It specifically addresses a modification to an existing debt facility.
| Facility Component | Amount | Original Maturity | New Maturity |
|---|---|---|---|
| Revolving Credit Facility | $7.5 million | December 23, 2017 | December 20, 2018 |
| Delayed Draw Term Loan | $7.5 million | June 24, 2020 | Unchanged |
Material Changes
On December 21, 2017, the Credit Parties (subsidiaries of Silvercrest L.P.) and City National Bank executed the Third Amendment to their Credit Agreement. The primary change is the extension of the maturity date for the $7.5 million revolving credit facility by approximately one year, from December 23, 2017, to December 20, 2018. All other terms of the credit agreement and loan documents remain in full force and effect.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are disclosed beyond the standard terms of the amended credit agreement. The filing does not mention any unusual items.
Investor Verification Checklist
- Verify the total outstanding balance on the $7.5 million revolving credit facility as of the amendment date.
- Confirm whether any fees or interest rate adjustments were associated with the maturity extension.
- Review the full text of Exhibit 4.1 (Third Amendment to Credit Agreement) for any covenants or conditions triggered by the amendment.
- Check subsequent filings to confirm the facility was not drawn down or terminated prior to the new maturity date.