Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 8:20 PM
|This Slide: #293 of 582|
Slide #293. 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.'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.
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Buy (3.40 out of 4)
(ranked lower than approx. 51% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com