Published on 11/9/2017 in the Prospect News Private Placement Daily.
New Issue: Oaktree Capital unit plans $250 million 3.78% 15-year notes placement
By Devika Patel
Knoxville, Tenn., Nov. 9 – Oaktree Capital Group, LLC announced its subsidiary Oaktree Capital Management, LP placed $250 million of 3.78% guaranteed senior unsecured notes due 2032.
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 to redeem $250 million of 6.75% senior notes due 2019.
Oaktree 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 unsecured notes
|
| Amount: | $250 million
|
| Maturity: | 2032
|
| Coupon: | 3.78%
|
| Announcement date: | Nov. 9
|
| Settlement date: | Dec. 18
|
| Distribution: | Private placement
|
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