debt
confidence high
sentiment neutral
materiality 0.40
Oaktree issues €200M in senior notes across three tranches due 2032-2037
Brookfield Oaktree Holdings, LLC
- €50M at 2.20% due 2032, €75M at 2.40% due 2034, €75M at 2.58% due 2037.
- Notes are senior unsecured obligations guaranteed by Oaktree Capital Management, L.P. and affiliates.
- Expected closing on June 8, 2022; proceeds for general corporate purposes.
- Issuer is Oaktree Capital I, L.P., wholly owned by Oaktree Capital Group and Brookfield Asset Management.
- Customary covenants include leverage ratio and minimum assets under management.