Victory Capital Announces Price of Additional $ 505 Million Term Loan Facility to Fund Acquisition of WestEnd Advisors


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SAN ANTONIO – (BUSINESS WIRE) – Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that it has successfully completed the syndication of a loan facility. additional term of $ 505 million (the “Incremental Facility”) to finance the acquisition of WestEnd Advisors. The additional facility will bear interest at an annual rate equal to LIBOR, subject to a floor of 50 basis points, plus a margin of 225 basis points, and will mature in 2028.

“The successful syndication of the term loan is a testament to the confidence our debt investors have in our strategy of creating long-term value,” said David Brown, Chairman and CEO. “We appreciate their support in funding strategic and accretive growth opportunities. The interest rate spread on this incremental facility is the same as our 2019 term loan after it was re-rated twice, reducing its spread by 100 basis points, to 225 basis points against the LIBOR.

The acquisition of WestEnd Advisors and the funding of the incremental facility are expected to take place by the end of this year, subject to customary approvals, conditions and consents.

BofA Securities, Inc., Royal Bank of Canada and Barclays Bank PLC acted as lead co-arrangers of the incremental facility.

About Victory Capital

Victory Capital is a global, diversified asset management firm with $ 162.6 billion in assets under management as of October 31, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of ‘a fully integrated and centralized operating and distribution platform.

Victory Capital offers specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 stand-alone investment franchises and a solutions platform, Victory Capital offers a wide range of investment styles and investment vehicles, including actively managed mutual funds, separately managed accounts, ETFs assets, multi-asset class strategies, tailor-made solutions, private funds, and an education savings plan 529.

For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, any statement preceded, followed or including words such as “target”, “believe “,” Expect “,” aim “,” intend “,” may “,” anticipate “,” assume “,” budget “,” continue “,”,, “” potential “,” foresee “,” project “,” will “,” may have “,” likely “,” should “,” should “,” could “and other words and terms of similar meaning or the negative thereof. forward-looking statements involve known and unknown risks, uncertainties, and other material factors beyond the control of Victory Capital, such as the COVI pandemic D-19 and its effects on our business, operations and future financial results, as disclosed in the filings by Victory Capital with the SEC. , which could cause the actual results, performance or achievements of Victory Capital to differ materially from the expected results, performance or achievements expressed or implied by such forward-looking statements.

Investors:

Matthew Dennis, CFA

Leader

Director, Investor Relations

216-898-2412

[email protected]

Media:

Tricia ross

310-622-8226

[email protected]

Source: Victory Capital Holdings, Inc.

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