Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, May 10, 12:52 PM
| This Slide: #376 of 665 |
Slide #376. Ares Management, L.P. — Preferred Stock Offering
| Company: | Ares Management, L.P. (NYSE:ARES) |
| Date announced: | 6/2/2016 |
| Shares Offered: | 11,000,000 |
| Date of Pricing: | 6/2/2016 |
| Price Per Share: | $25.00 |
| Preferred Stock Offering Details: | Ares Management, L.P. (NYSE:ARES) today announced the pricing of a $275 million offering of 11,000,000 of its 7.00% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. In addition, Ares has granted the underwriters an option to purchase up to an additional 1,650,000 Series A Preferred Units solely to cover over-allotments. |
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity.
Preferreds: ARES.PRA, ARES.PRB
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