By Angela McDaniels
Tacoma, Wash., April 13 – Oaktree Capital Group, LLC plans to place $100 million of 3.69% senior notes due 2031, according to a company news release.
The company said it has received commitments from some accredited investors to purchase the notes and expects the offering to close July 12.
The notes will be issued by indirect subsidiary Oaktree Capital Management, LP and guaranteed by indirect subsidiaries Oaktree Capital I, LP, Oaktree Capital II, LP and Oaktree AIF Investments, LP.
The issuer intends to use the proceeds to pay down a portion of its $250 million term loan due March 31, 2021.
Oaktree Capital Group is a Los Angeles-based asset management firm.
| Issuer: | Oaktree Capital Management, LP
|
| Guarantors: | Oaktree Capital I, LP, Oaktree Capital II, LP and Oaktree AIF Investments, LP
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity: | 2031
|
| Coupon: | 3.69%
|
| Settlement date: | July 12
|
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