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

On October 20, 2009, Artio Global Holdings LLC ("Holdings"), a subsidiary of Artio Global Investors Inc. (the "Company") borrowed $60 million under the term portion of its $110 million term and revolving credit facility, dated September 4, 2009, among Holdings, as borrower, certain other subsidiaries of the Company, as guarantors, Bank of America N.A., as administrative agent, the other lenders party thereto and Bank of America Securities LLC, as sole lead arranger and book manager (the "Credit Facility"). Holdings provided notice of its borrowing in a letter to the administrative agent dated October 15, 2009. The borrowing will bear interest at a rate of 3.28406%, which will be reset in three months.

As of October 20, 2009, there is no remaining capacity under the term portion of the Credit Facility and there is $50 million of remaining capacity under the revolving portion of the Credit Facility. As previously disclosed, Holdings expects to use the $60 million proceeds to fund a distribution to the Company that the Company will use to fund a distribution to its former sole stockholder, GAM Holding Ltd. (formerly Julius Baer Holding Ltd.), and to provide working capital and, potentially, seed capital for future investment products.

The Credit Facility is described in the Company's registration statement on Form S-1 (File No. 333-149178) filed on February 12, 2008, as amended (the "Registration Statement"), which description is incorporated by reference herein. Such description is qualified by reference to the full text of the Credit Facility, which was filed as Exhibit 10.20 to Amendment No. 7 to the Registration Statement on September 9, 2009.

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