Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 8:10 AM
Slide #125. Ares Management, L.P. — Preferred Stock Offering
||Ares Management, L.P. (NYSE:ARES)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||Ares Management, L.P. (NYSE:ARES) today announced the pricing of a $275 million offering of 11,000,000 of its 7.00% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. In addition, Ares has granted the underwriters an option to purchase up to an additional 1,650,000 Series A Preferred Units solely to cover over-allotments.
Ares Management is an alternative asset manager. Co. provides its investors a range of investment strategies. Co.'s three complementary investment groups are: Credit Group is a manager of credit strategies, which provides solutions for fixed income investors seeking to access the syndicated loan and high yield bond markets and capitalizes on opportunities across traded corporate and structured credit; Private Equity Group, which comprised of three strategies Corporate Private Equity, U.S. Power and Energy Infrastructure and Special Situations; Real Estate Group, which manages public and private equity and debt strategies.
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