By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Ares Management Corp. announced the pricing of $500 million of 3.65% senior notes due 2052, according to a press release on Thursday.
The notes will be issued by indirect subsidiary Ares Finance Co. IV LLC.
The notes will be guaranteed by Ares Holdings LP, Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC and Ares Finance Co. III LLC.
Proceeds will be used for general corporate purposes, including to repay debt and to fund growth initiatives.
The notes will be offered to Rule 144A and Regulation S investors.
Ares is a Los Angeles-based asset management firm.
| Issuer: | Ares Finance Co. IV LLC
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| Guarantors: | Ares Holdings LP, Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC and Ares Finance Co. III LLC
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| Amount: | $500 million
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| Issue: | Senior notes
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| Maturity: | 2052
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| Coupon: | 3.65%
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| Pricing date: | Jan. 13
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| Ratings: | S&P: BBB+
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| Fitch: A-
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| Distribution: | Rule 144A and Regulation S
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