Oaktree Capital Group to pay down term loan with $100 million notes

By Angela McDaniels

Tacoma, Wash., April 13 – Oaktree Capital Group, LLC plans to pay down a portion of its $250 million term loan due March 31, 2021, according to a company news release.

The company will fund the paydown with the proceeds of $100 million of 3.69% senior notes due 2031. The privately placed notes are expected to settle July 12.

Oaktree Capital Group is a Los Angeles-based asset management firm.

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