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Procurement

ARTISAN PARTNERS ASSET MANAGEMENT INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.


On August 16, 2022, Artisan Partners Holdings LP ("Holdings"), of which Artisan
Partners Asset Management Inc. (the "Company") is the sole general partner, (i)
issued $90 million of 3.10% Series F Senior Notes and used the proceeds to repay
the $90 million of 4.98% Series C Senior Notes maturing on August 16, 2022, and
(ii) amended and extended its $100 million revolving credit facility for an
additional five-year period.

Note Purchase Agreement


Holdings issued the $90 million of Series F Senior Notes in a private placement
transaction pursuant to a Note Purchase Agreement dated December 7, 2021, with a
closing date of August 16, 2022, between Holdings and the note purchasers named
therein. The Series F Notes will bear interest at a rate of 3.10% per annum and
will mature on August 16, 2032.

In addition to other covenants, the Note Purchase Agreement contains the
following financial covenants:

•Holdings will not permit its Leverage Ratio (as defined in the Agreement) on
any date to exceed 3.00 to 1.00.

•Holdings will not permit its Interest Coverage Ratio (as defined in the
Agreement) in respect of any period of four consecutive fiscal quarters to be
less than 4.00 to 1.00.


The Note Purchase Agreement includes customary events of default. Upon an event
of default, the Series F Notes then outstanding generally will become due and
payable. In addition, in the event of a Change in Control (as defined in the
Note Purchase Agreement) or if Artisan's average AUM for a fiscal quarter is
below $45 billion, Holdings is generally required to offer to pre-pay the notes.
Artisan Partners Limited Partnership, a wholly-owned subsidiary of Holdings, has
guaranteed Holdings' obligations under the terms of the Note Purchase Agreement.

This summary of the Note Purchase Agreement is qualified in its entirety by
reference to the terms of the Note Purchase Agreement attached as Exhibit 10.1
to the Current Report on Form 8-K filed with the Commission on December 7, 2021,
which is incorporated herein by reference.

Amended and Restated Five-Year Revolving Credit Agreement


Holdings also amended and extended its $100 million five-year revolving credit
agreement with Citibank, N.A. as administrative agent and Citibank, N.A. and
BofA Securities, Inc. as joint lead arrangers and joint book runners. The
Amended and Restated Five-Year Revolving Credit Agreement was originally entered
into on August 16, 2012 and was subsequently amended and extended on August 16,
2017.

Borrowings under the amended agreement will generally bear interest at a rate
per annum equal to, at Holdings' election, (i) Term SOFR plus an applicable
margin ranging from 1.25% to 2.25%, depending on Holdings' leverage ratio or
(ii) an alternate base rate equal to the highest of (a) Citibank, N.A.'s prime
rate, (b) the federal funds effective rate plus 0.50% and (c) the daily
one-month term SOFR plus 1.00%, plus, in each case, an applicable margin ranging
from 0.25% to 1.25%, depending on Holdings' leverage ratio. Unused commitments
will bear interest at a rate that ranges from 0.150% to 0.450% per annum,
depending on Holdings' leverage ratio.

The terms and conditions, covenants, and events of default under the Amended and
Restated Five-Year Revolving Credit Agreement are substantially similar to those
described above under the Note Purchase Agreement. Artisan Partners Limited
Partnership, a wholly-owned subsidiary of Holdings, has guaranteed Holdings'
obligations under the amended agreement. As of the date of this filing, there
were no outstanding borrowings under the amended agreement.

This summary of the Amended and Restated Five-Year Revolving Credit Agreement is
qualified in its entirety by reference to the terms of the agreement attached
hereto as Exhibit 10.1, which is incorporated herein by reference.


Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement.

The information included in Item 1.01 above is incorporated by reference into
this Item 2.03.

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Item 9.01 Financial Statements and Exhibits

Exhibit Number Description of Exhibit

                            Amended and Restated Five-Year Revolving Credit 

Agreement, dated as of

                          August 16, 2022, among Artisan Partners Holdings 

LP, the lenders named therein

                          and Citibank, N.A., as Administrative Agent and Citibank, N.A. and BofA
       10.1               Securities, Inc. as joint lead arrangers and joint book runners
        104               Cover Page Interactive Data File (embedded within

the Inline XBRL document)

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