Ares Management Announces Pricing Of $500M 6.375% Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
Ares Management has priced its $500M 6.375% senior notes due 2028. The notes will bear interest semi-annually and the net proceeds from the offering will be approximately $496.0 million. The company plans to use the proceeds for general corporate purposes, including debt repayment and funding growth initiatives.
November 08, 2023 | 7:25 am
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Ares Management's issuance of $500M senior notes could help the company repay its debts and fund growth initiatives, potentially strengthening its financial position.
The issuance of senior notes will provide Ares Management with additional capital, which it plans to use for debt repayment and funding growth initiatives. This could potentially strengthen the company's financial position and make it more attractive to investors, potentially leading to a short-term increase in the stock price.
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