AssetMark Financial Holdings, Inc. announced that it has entered into a new Credit Agreement with six banks, including Bank of Montreal serving as administrative agent. The Credit Agreement provides for a $250 million secured revolving Credit Facility. Concurrently, AssetMark will draw down $75 million on the new Credit Facility and use those funds plus cash to retire its $124 million existing term loan, which had a rate of LIBOR plus 3.00%. The new Credit Facility has a four-year maturity. Interest will be based on LIBOR plus an applicable margin, with the applicable margin being tied to the company’s total leverage ratio. At the initial funding levels, the interest rate will be LIBOR plus 2.00%.