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.