Ares Management considers senior note offering

By William Gullotti

Buffalo, N.Y., Jan. 13 – Ares Management Corp. announced an intended offering of senior notes, according to a press release on Thursday.

The notes will be issued by indirect subsidiary Ares Finance Co. IV LLC.

The notes will be guaranteed by Ares Holdings LP, Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC and Ares Finance Co. III LLC.

Proceeds will be used for general corporate purposes, including to repay debt and to fund growth initiatives.

The notes will be offered to Rule 144A and Regulation S investors.

Ares is a Los Angeles-based asset management firm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.