Item 1.02. Termination of a Material Definitive Agreement

On May 22, 2009, Duff & Phelps Corporation (the "Company") terminated the Amended and Restated Credit Agreement (the "Credit Agreement"), dated as of July 30, 2008, by and among Duff & Phelps, LLC, Duff & Phelps Acquisitions, LLC, the persons designated as lenders thereto and General Electric Capital Corporation, in its capacity as Administrative Agent.

The terminated Credit Agreement consisted of a revolving credit facility in the amount of $20.0 million and a term loan facility in the amount of $80.0 million.
The Company used a portion of the net proceeds of its offering of 8,050,000 shares of its Class A common stock to repay all amounts outstanding under the term loan facility and to cash collateralize letters of credit outstanding under the facility. The facility would have matured on October 1, 2012. In connection with the repayment, the Company will incur a non-cash, non-recurring charge of approximately $1.7 million to reflect the accelerated amortization of the debt discount and issuance costs.

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