Cohen & Steers Enters Material Definitive Agreement
Ticker: CNS · Form: 8-K · Filed: Aug 15, 2025 · CIK: 1284812
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Cohen & Steers just signed a big deal, creating a new financial obligation. Details in the filing.
AI Summary
On August 15, 2025, Cohen & Steers, Inc. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and includes financial statements and exhibits related to the transaction.
Why It Matters
This filing indicates a significant new financial commitment or transaction for Cohen & Steers, Inc., which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Players & Entities
- Cohen & Steers, Inc. (company) — Registrant
- August 15, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Cohen & Steers, Inc. enter into?
The filing states that Cohen & Steers, Inc. entered into a material definitive agreement, but the specific nature of the agreement is not detailed in the provided text.
What is the nature of the direct financial obligation created?
The filing indicates the creation of a direct financial obligation, but the specific details of this obligation are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 15, 2025.
What is the IRS Employer Identification Number for Cohen & Steers, Inc.?
The IRS Employer Identification Number for Cohen & Steers, Inc. is 14-1904657.
What is the SIC code for Cohen & Steers, Inc.?
The Standard Industrial Classification (SIC) code for Cohen & Steers, Inc. is 6282, which corresponds to Investment Advice.
Filing Stats: 916 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2025-08-15 17:02:34
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value CNS New York Stock Exchange
- $100 million — ded Credit Agreement"), providing for a $100 million senior unsecured revolving credit facil
Filing Documents
- cns-20250815.htm (8-K) — 26KB
- exhibit101.htm (EX-10.1) — 837KB
- 0001284812-25-000286.txt ( ) — 1120KB
- cns-20250815.xsd (EX-101.SCH) — 2KB
- cns-20250815_lab.xml (EX-101.LAB) — 21KB
- cns-20250815_pre.xml (EX-101.PRE) — 12KB
- cns-20250815_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On August 15, 2025, Cohen & Steers, Inc. (the "Company") entered into a First Amendment to Credit Agreement (the "First Amendment") which amends that certain Credit Agreement, dated as of January 20, 2023 (the "Credit Agreement" and the Credit Agreement as amended by the First Amendment, the "Amended Credit Agreement"), providing for a $100 million senior unsecured revolving credit facility maturing on August 15, 2029, with Bank of America, N.A., as administrative agent, sole lead arranger and sole bookrunner, State Street Bank and Trust Company, as syndication agent, and the other lending institutions from time to time party thereto. Borrowings under the Amended Credit Agreement may be used for working capital and other general corporate purposes. Amounts outstanding under the Amended Credit Agreement bear interest at a variable annual rate equal to, at the Company's option, either, (i) in respect of Term SOFR Loans (as defined in the Amended Credit Agreement), a rate equal to Term SOFR (as defined in the Amended Credit Agreement) in effect for such period plus an applicable rate as determined according to a performance pricing grid and, (ii) in respect of Base Rate Loans (as defined in the Amended Credit Agreement), a rate equal to a Base Rate (as defined in the Amended Credit Agreement) plus an applicable rate as determined according to a performance pricing grid. The Company is also required to pay a commitment fee determined according to a performance pricing grid and based on the actual daily unused amount of the Amended Credit Agreement payable quarterly. Subject to timely prior written notice and payment of breakage fees, if any, the Company may at any time and from time to time (i) terminate all or any portion of the commitments under the Amended Credit Agreement and/or (ii) prepay all or any portion of any outstanding borrowings. The Amended Credit Agreement contains financial covenants with re
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 First Amendment to Credit Agreement, dated as of August 15, 2025, among Cohen & Steers, Inc., Bank of America, N.A., as administrative agent, sole lead arranger and sole bookrunner, State Street Bank and Trust Company, as syndication agent, and the other lending institutions from time to time party thereto 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Cohen & Steers, Inc. (Registrant) Date: August 15, 2025 By: /s/ Francis C. Poli Name: Francis C. Poli Title: Executive Vice President, General Counsel and Secretary