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S&P gives Oaktree Capital notes A-
S&P said it assigned its A- rating to Oaktree Capital I LP's issuance of €50 million of 2.2% senior notes, series A, due 2032; €75 million of 2.4% senior notes, series B, due 2034; and €75 million of 2.58% senior notes, series C, due 2037. Oaktree Capital I is an operating subsidiary of Oaktree Capital Group LLC, the holding company.
The notes will be sold privately and issued by Oaktree Capital I and guaranteed by Oaktree Capital Management LP, Oaktree Capital II LP, and Oaktree AIF Investments LP.
Oaktree intends to use the proceeds for general corporate purposes.
The outlook is stable.
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