Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 2:29 AM
|This Slide: #284 of 573|
Slide #284. 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 a holding company. Through its subsidiaries, Co. is an alternative investment manager. Co. has three investment groups: Credit, which provides solutions for investors seeking to access credit assets, including liquid credit and direct lending markets; Private Equity, which categorizes its investment activities into four strategies, Corporate Private Equity, Infrastructure and Power, Special Opportunities and Energy Opportunities; and Real Estate, which provides investors access to its capabilities through several vehicles such as U.S. and European real estate private equity commingled funds and real estate equity and real estate debt separately managed accounts.
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Buy (3.17 out of 4)
(ranked lower than approx. 66% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com