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Ares Management considers senior note offering
By William Gullotti
Buffalo, N.Y., Jan. 13 – Ares Management Corp. announced an intended offering of senior notes, 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.
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