06/18/2026 | Press release | Distributed by Public on 06/18/2026 14:03
Item 1.01 Entry into a Material Definitive Agreement.
On June 18, 2026, the subsidiaries of Silvercrest L.P. entered into a Second Amendment to Amended and Restated Credit Agreement (the "Second Amendment") 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"). Pursuant to the Second Amendment, (i) the stated term loan maturity date terminates on June 18, 2029, subject to two one-year extension options, (ii) the term loan draw date terminates on June 18, 2028, (iii) the term loan commitment as of the date of the Second Amendment is $5.0 million, and (iv) the $10.0 million revolving credit facility maturity date is June 18, 2027.
The foregoing description of the Second Amendment is only a summary, does not purport to be complete, and is qualified in its entirety by reference to the full text of the Second Amendment which is filed herewith as Exhibit 4.1 and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 above is hereby incorporated by reference in its entirety into this Item 2.03.