Hamilton Lane Advisors Reports Amendment to Term Loan Agreement
Summary
On October 1, 2025, Hamilton Lane Advisors, L.L.C. (HLA), the operating subsidiary of Hamilton Lane Incorporated, entered into a Second Amendment to its Multi-Draw Term Loan and Security Agreement with JPMorgan Chase Bank, N.A. (JPM). This amendment modifies the 2022 Term Loan Agreement, originally dated October 20, 2022. * The aggregate principal amount of term loans was changed from $75 million to $50 million. * The interest rate for borrowings was changed to equal the greater of (a) the Prime Rate minus 1.35% and (b) 3.00%. * Certain dates related to interest payments and repayments of the term loans were also changed.
Why It Matters
The Second Amendment materially alters HLA's financial obligations by reducing the aggregate principal amount of term loans from $75 million to $50 million and adjusting the interest rate, impacting the company's debt structure and cost of borrowing.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0001433642
- Filing Date
- Monday, October 6, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive