---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-107741"
form_type: "8-K"
ticker: "ARES"
cik: "0001176948"
company_name: "Ares Management Corp"
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:17:31.288731+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ares Management issues $1.5B of 6.75% Series B Mandatory Convertible Preferred Stock

## Summary
- Issued 30M shares at $1.5B aggregate liquidation preference, 6.75% cumulative dividend.
- Proceeds to fund portion of GCP Acquisition and for general corporate purposes.
- Mandatory conversion into 0.2717 to 0.3260 shares of common stock by Oct 1, 2027.
- Dividend payable quarterly; company may pay in cash or common stock at its option.
- Underwriters exercised full over-allotment of 3M shares; 45-day lock-up on common stock.

## SEC filing metadata
- accession: 0001104659-24-107741
- form_type: 8-K
- ticker: ARES
- cik: 0001176948
- company_name: Ares Management Corp
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176948/000110465924107741/0001104659-24-107741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176948/000110465924107741/tm2425002d9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-107741
- JSON: https://secwatch.observer/filing/0001104659-24-107741.json
- Plain text: https://secwatch.observer/filing/0001104659-24-107741.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.