At a glance
- The new money is a fungible add-on, meaning it is issued as additional principal of the existing loan rather than as a separate facility.
- Moody's projects Mariner's debt/EBITDA at 6.7x by year-end, nearly $7 of debt for every dollar of annual EBITDA.
- The $150 million add-on is roughly 13% more debt on the existing facility.
Mariner Wealth Advisors wants to add $150 million to its first-lien term loan B, taking the facility to $1.3 billion from $1.16 billion. The new money is a fungible add-on, meaning it is issued as additional principal of the existing loan rather than as a separate facility. S&P and Moody's both say the ratings are unaffected.
Moody's projects Mariner's debt/EBITDA at 6.7x by year-end, nearly $7 of debt for every dollar of annual EBITDA. The $150 million add-on is roughly 13% more debt on the existing facility.
Reported by PWD Editors from Daily Network coverage: Mariner Wealth Advisors seeks $150 million loan add-on and WealthManagement — Alts. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections