Reported Earlier, Ares Management Prices $750M 5.600% Senior Notes Due 2054
Portfolio Pulse from Benzinga Newsdesk
Ares Management has priced $750M in 5.600% senior notes due 2054, with net proceeds of $737.7M. The funds will support the acquisition of GLP Capital Partners' international business and other corporate purposes.
October 10, 2024 | 5:50 am
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Ares Management has issued $750M in senior notes to fund its acquisition of GLP Capital Partners' international business and other corporate purposes. This move could strengthen Ares' financial position and support growth.
The issuance of senior notes provides Ares Management with significant capital to fund its strategic acquisition of GLP Capital Partners' international business. This acquisition is likely to enhance Ares' market position and growth prospects. The use of proceeds for debt repayment and other strategic initiatives further supports a positive outlook for Ares' financial health.
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