Ameriprise Financial Enters Material Definitive Agreement
Ticker: AMP · Form: 8-K · Filed: Nov 26, 2024 · CIK: 820027
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: AMP
TL;DR
AMP just signed a big deal, creating a new financial obligation. Details to follow.
AI Summary
On November 25, 2024, Ameriprise Financial, Inc. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with specific terms and exhibits to be provided in subsequent documentation.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Ameriprise Financial, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Players & Entities
- AMERIPRISE FINANCIAL, INC. (company) — Registrant
- November 25, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Ameriprise Financial, Inc. enter into?
The filing states that Ameriprise Financial, Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this initial 8-K filing.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of this obligation are not elaborated upon in this document.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on November 25, 2024.
What are the SEC file number and film number for this filing?
The SEC file number is 001-32525 and the film number is 241504278.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 6282, which corresponds to Investment Advice.
Filing Stats: 1,133 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-11-26 16:24:58
Key Financial Figures
- $1 billion — amount at any time outstanding of up to $1 billion. The Company may increase the aggregate
- $1.250 billion — te principal commitment amount to up to $1.250 billion upon the satisfaction of certain condit
- $1.25 billion — bsidiary indebtedness to the greater of $1.25 billion and 40% of Consolidated EBITDA for the
Filing Documents
- tm2429390d1_8k.htm (8-K) — 32KB
- tm2429390d1_ex10-1.htm (EX-10.1) — 997KB
- 0001104659-24-123103.txt ( ) — 1408KB
- amp-20241125.xsd (EX-101.SCH) — 3KB
- amp-20241125_lab.xml (EX-101.LAB) — 33KB
- amp-20241125_pre.xml (EX-101.PRE) — 22KB
- tm2429390d1_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description Exhibit 10.1 Agreement to Amend and Restate Credit Agreement as the Fifth Amended and Restated Credit Agreement dated as of November 25, 2024 among Ameriprise Financial, Inc., as Borrower, the lenders party thereto, Wells Fargo Bank, National Association as Administrative Agent and certain other parties thereto as joint lead arrangers, co-syndication agents and joint bookrunners. Exhibit 104 Cover page (embedded within the Inline eXtensible Business Reporting Language)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERIPRISE FINANCIAL, INC. (Registrant) Date: November 26, 2024 By: /s/ Shweta Jhanji Shweta Jhanji Senior Vice President and Treasurer