Oaktree Announces $250 Million Offering of Senior Notes
November 09 2017 - 04:35PM
Business Wire
Oaktree Capital Group, LLC (NYSE: OAK) today announced that
it has received commitments from certain accredited investors
(collectively, “the Investors”) to
purchase $250.0 million of 3.78% senior notes due
2032 (the “Notes”) to be issued by its indirect
subsidiary, Oaktree Capital Management, L.P. (the
“Issuer”), and guaranteed by its indirect
subsidiaries, Oaktree Capital I, L.P., Oaktree Capital
II, L.P. and Oaktree AIF Investments, L.P. (the
“Guarantors”). The Notes are senior unsecured obligations of the
Issuer, jointly and severally guaranteed by the Guarantors. The
Issuer intends to use the proceeds from the sale of the Notes to
redeem its $250 million of 6.75% Senior Notes due 2019. The
offering of the Notes is subject to the execution of definitive
documents and is expected to close on December 18, 2017.
The offer and sale of the Notes will be made solely in private
placement transactions exempt from registration pursuant to Section
4(a)(2) of the Securities Act of 1933, as amended (the “Securities
Act”).
The Notes have not been registered under the Securities Act or
any state securities laws and may not be offered or sold
in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase the Notes or any other
securities, and shall not constitute an offer, solicitation or sale
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful. This press release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act.
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version on businesswire.com: http://www.businesswire.com/news/home/20171109006627/en/
Investor Relations:Oaktree Capital Group, LLCAndrea D. Williams,
213-830-6483investorrelations@oaktreecapital.com
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