On January 12, 2022 (the Closing Date), AssetMark Financial Holdings, Inc. (the Company), as borrower, amended that certain Credit Agreement dated December 30, 2020 (the Existing Credit Agreement) with Bank of Montreal, as administrative agent (the Administrative Agent) to, among other things, add a term loan facility by amending and restating the Existing Credit Agreement (the Restated Credit Agreement). Joint lead arrangers and joint bookrunners to the Restated Credit Agreement are BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Truist Securities, Inc., U.S. Bank National Association and Wells Fargo Securities, LLC. Other parties to the Restated Credit Agreement include the existing and future wholly-owned material domestic subsidiaries of the Company, as guarantors (the Guarantors), and the several banks, financial institutions, institutional investors and other entities from time to time party thereto as lenders and letter of credit issuers (the Lenders).
The Restated Credit Agreement provides for a senior secured credit facility in an aggregate principal amount of $500,000,000, consisting of a revolving credit facility with commitments in an aggregate principal amount of $375,000,000 (the Restated Credit Facility) and a term loan facility with commitments in an aggregate amount of $125,000,000 (the Term Loans), with an accordion option to increase the revolving commitments by $100,000,000.