Ares Finance to price $250 million of senior notes

By Aleesia Forni

Virginia Beach, Oct. 1 – Ares Finance Co. LLC plans to price a $250 million offering of senior notes subject to market conditions, according to a company press release.

The notes will be guaranteed by Ares Management LP, Ares Holdings Inc., Ares Domestic Holdings Inc., Ares Real Estate Holdings LLC, Ares Holdings LP, Ares Domestic Holdings LP, Ares Investments LP, Ares Real Estate Holdings LP, Ares Management LLC and Ares Investments Holdings LLC.

The notes will be sold via Rule 144A and Regulation S.

Proceeds will be used to repay outstanding borrowings under the company’s revolving credit facility and promissory notes issued in connection with a prior acquisition. Any remaining proceeds will be used for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.