PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, May 20, 10:15 PM
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Slide #292. Ares Management, L.P. — Preferred Stock Offering
Company:
Ares Management, L.P. (NYSE:ARES)
Date announced:
6/2/2016
Shares Offered:
11,000,000
Date of Pricing:
6/2/2016
Price Per Share:
$25.00
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.'s complementary investment groups include: Credit, which provides solutions for investors seeking to access a range of credit assets, including liquid credit, alternative credit products and direct lending products; Private Equity, which categorizes its investment activities into three strategies, Corporate Private Equity, Special Opportunities and Infrastructure and Power; Real Estate, which manages public and private equity and debt strategies; and Secondary Solutions, which invests in secondary markets across a range of alternative asset class strategies including private equity.
Preferred: ARES.PRA
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Avg. Broker Rec.
 
|
Buy (3.44 out of 4) 43rd percentile
(ranked lower than approx. 57% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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