By Lisa Kerner
Charlotte, N.C., June 12 – Oaktree Capital Group, LLC subsidiary Oaktree Capital Management, LP agreed to issue $250 million of senior notes (//A) in a private placement to accredited investors, according to a company news release.
The notes are expected to be issued on Sept. 3 as follows:
• $50 million of 3.91% senior notes due 2024;
• $100 million of 4.01% senior notes due 2026; and
• $100 million of 4.21% senior notes due 2029.
Proceeds will be used for working capital and general corporate purposes.
Subsidiaries Oaktree Capital I, LP, Oaktree Capital II, LP and Oaktree AIF Investments, LP are the guarantors.
Oaktree Capital is a Los Angeles-based asset management firm.
| Issuer: | Oaktree Capital Management, LP
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Distribution: | Private placement
|
| Pricing date: | June 12
|
| Settlement date: | Sept. 3
|
| Rating: | Fitch: A
|
|
|
| 10-year notes
|
| Amount: | $50 million
|
| Coupon: | 3.91%
|
| Maturity: | 2024
|
|
|
| 12-year notes
|
| Amount: | $100 million
|
| Coupon: | 4.01%
|
| Maturity: | 2026
|
|
|
| 15-year notes
|
| Amount: | $100 million
|
| Coupon: | 4.21%
|
| Maturity: | 2029
|
|
|
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