debt
confidence high
sentiment neutral
materiality 0.55
Ares Management subsidiary issues $500M of 3.650% Senior Notes due 2052
Ares Management Corp
- Issued $500M aggregate principal of 3.650% Senior Notes due Feb 1, 2052 via Ares Finance Co. IV LLC.
- Interest payable semi-annually on Feb 1 and Aug 1, commencing Aug 1, 2022.
- Notes are unsecured, unsubordinated; guaranteed jointly and severally by several Ares subsidiaries.
- Make-whole call available; after Aug 1, 2051 redemption at par plus accrued interest.
- Change of control repurchase allows redemption at 101% of principal within 60 days.