Ares Finance offering $300 million notes for Kayne Anderson merger

By Aleesia Forni

Virginia Beach, Aug. 13 – Ares Finance Co. LLC plans to price about $300 million of senior notes subject to market conditions, according to a company press release.

Proceeds will be used to fund the merger of Ares and Kayne Anderson Capital Advisors LP into a combined company to be renamed Ares Kayne Management, LP.

The notes will be fully and unconditionally guaranteed by Ares Management LLC, Ares Investments Holdings LLC and Ares Finance Co. LLC.

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

The alternative asset management firm is based in Los Angeles.

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