By Wendy Van Sickle
Columbus, Ohio, May 1 – Oaktree Capital Group, LLC announced its subsidiary Oaktree Capital Management, LP received commitments from some accredited investors to purchase $250 million of notes in two tranches, according to a news release.
The notes include $200 million of 3.64% 10-year senior notes and $50 million of 3.84% 15-year senior notes.
The notes will be guaranteed by company subsidiaries Oaktree Capital I, LP, Oaktree Capital II, LP and Oaktree AIF Investments, LP.
Proceeds will be used for general corporate purposes, including paying down amounts outstanding on the revolving credit facility under which the issuer and the guarantors are borrowers.
Oaktree is a Los Angeles-based asset management firm.
| Issuer: | Oaktree Capital Management, LP
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| Guarantors: | Oaktree Capital I, LP, Oaktree Capital II, LP and Oaktree AIF Investments, LP
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| Issue: | Senior notes
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| Announcement date: | May 1
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| Settlement date: | On or before July 22
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| Distribution: | Private placement
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| 10-year notes
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| Amount: | $200 million
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| Maturity: | 2030
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| Coupon: | 3.64%
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|
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| 15-year notes
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| Amount: | $50 million
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| Maturity: | 2035
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| Coupon: | 3.88%
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