Hamilton Lane issues $100 million 5.28% senior notes due 2029 and amends credit facilities
Hamilton Lane's operating subsidiary, Hamilton Lane Advisors, issued $100 million of 5.28% senior notes due October 15, 2029, in a private placement on October 8, 2024. The company also amended four JPMorgan Chase loan agreements with a combined loan cap of $325 million, extending maturities and loosening some covenants, which adds debt but does not report any earnings or guidance change.
Key points
- Notes: $100 million principal at 5.28%, maturing October 15, 2029, with semi-annual interest from April 15, 2025
- Proceeds intended for general corporate purposes, including seeding new funds and creating new products
- Loan agreements, amended October 7, 2024, are subject to a combined $325 million cap and now name JPMorgan Chase as successor to First Republic Bank
- Covenants include a 3.50 to 1.00 consolidated leverage ratio and a minimum annual management fees test of at least $185 million
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 11, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.