Silvercrest Asset Management amended its $7.5 million revolving credit facility with City National Bank to extend the maturity to December 23, 2017.

According to a related 8-K filing, Silvercrest entered into a $15 million facility with City National Bank on June 24, 2013, consisting of a $7.5 million delayed draw term loan that matures on June 24, 2020 and a $7.5 million revolving credit facility that matures on December 24, 2016.

On December 23, 2016, the credit parties and City National Bank entered into the amended the facility extending the $7.5 million revolving credit facility until December 23, 2017. The credit agreement and all other loan documents between the credit parties and City National Bank continued in full force and effect.

New York-based Silvercrest Asset Management is an independent, employee-owned registered investment adviser.