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Oaktree Capital to price $25-par series A preferred units
By James McCandless
San Antonio, May 10 – Oaktree Capital Group, LLC plans to price an offering of $25-par series A preferred units, according to a 424B5 filing with the Securities and Exchange Commission.
Morgan Stanley, Bank of America Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are the joint bookrunners.
The deal was announced on Thursday morning.
The units will be callable after five years.
Oaktree Capital plans to use the proceeds for general corporate purposes, including funding investments.
The company intends to list the units on the New York Stock Exchange under the symbol “OAKPrA.”
Oaktree Capital is a Los Angeles-based investment management company.
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