Summary
Ares Management Corporation (ARES) announced on June 10, 2020, through a press release, its intention to offer senior notes. This offering is being made by its indirect subsidiary, Ares Finance Co. II LLC, and is subject to prevailing market and other conditions. The proposed notes will be fully and unconditionally guaranteed by several key Ares entities, including Ares Holdings L.P., Ares Investments L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, and Ares Offshore Holdings L.P. This move indicates the company's strategy to access capital markets for potential growth initiatives or to manage its debt structure.
Key Highlights
- 1Ares Management Corporation (ARES) announced its intention to issue senior notes via its subsidiary, Ares Finance Co. II LLC.
- 2The offering is contingent on market and other conditions, meaning it may not proceed if conditions are unfavorable.
- 3Key Ares entities will provide full and unconditional guarantees for the notes, enhancing their creditworthiness.
- 4The press release announcing this intention was filed on June 10, 2020.
- 5This action suggests a strategic effort by Ares to raise capital or refinance existing obligations.