Ameriprise Financial entered into the Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association as Administrative Agent on November 25, 2024. The agreement amends, restates and supersedes the fourth amended and restated credit agreement entered into on June 11, 2021.

1. 01

   Ameriprise Financial entered into the Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association as Administrative Agent on November 25, 2024. The agreement amends, restates and supersedes the fourth amended and restated credit agreement entered into on June 11, 2021.

2. 02

   The company said it obtained an unsecured revolving credit facility of up to $1 billion and may increase it to up to $1.250 billion if certain conditions are met. It said the funds may be used for working capital or other general corporate purposes.

3. 03

   The company said it must maintain an interest coverage ratio above 4.00 to 1.00 and must not allow its consolidated leverage ratio to exceed 3.25 to 1.00, with a temporary increase permitted after certain large acquisitions.

4. 04

   The company said the lending commitments under the facility are scheduled to expire on November 23, 2029. It said it may extend them by 1 years at a time, up to two extensions, if it requests and the lenders agree. Any outstanding obligations must be repaid in full upon expiration.

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Original filing

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