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Alvarium Tiedemann Holdings Enters Into $250M Credit Facility, Led by BMO Capital Markets

Alvarium Tiedemann Holdings Enters Into $250M Credit Facility, Led by BMO Capital Markets

Alvarium Tiedemann Holdings entered a $250mn credit facility with a syndicate led by BMO Capital Markets. The loan is comprised of a $150mn revolving credit and a $100mn term loan and will be used to pay down subsidiary debt and fund growth initiatives.

The five-year credit facility will allow the global wealth and asset manager with approximately $60bn in assets under management to expand its footprint, platform and opportunity across business lines.

“Strengthening our balance sheet will enable Alvarium Tiedemann to capitalize on opportunities to serve evolving clients’ needs more effectively,” said Michael Tiedemann, Chief Executive Officer of Alvarium Tiedemann.

BMO, Fifth Third Bank, PNC Bank and Texas Capital Bank are joint lead arrangers and bookrunners. BMO Harris Bank is the administrative agent. Bank of America and CrossFirst Bank are also members of the syndicate.

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Alvarium Tiedemann

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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