In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,704,545 common units at the initial public offering price less the underwriting discount. The offering is expected to close on
The Company intends to use net proceeds it will receive from the offering to purchase newly issued Ares Operating Group Units, to partially repay outstanding indebtedness, for general corporate purposes and to fund growth initiatives.
J.P. Morgan and BofA Merrill Lynch are acting as the lead book-running managers for the offering, and Goldman, Sachs & Co., Morgan Stanley and
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities was filed with and has been declared effective by the
The offering may be made only by means of a prospectus.A copy of the final prospectus relating to the offering may be obtained, when available, from:
c/o Broadridge Financial Solutions
Attention: Prospectus Department
BofA Merrill Lynch
Attn: Prospectus Department
Goldman, Sachs & Co.
Attention: Prospectus Department
Telephone: (866) 471-2526
Facsimile: (212) 902-9316
Attention: Prospectus Dept.
Telephone: (866) 718-1649
Telephone: (800) 326-5897
Ares is a leading global alternative asset manager with approximately
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance. Forward-looking statements can be identified by the use of terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words or other comparable words. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations of future performance, taking into account all information currently available to the Company. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to the Company’s operations, financial results, financial condition, business prospectus, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from those indicated in these forward-looking statements. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect it. Therefore, you should not place undue reliance on these forward-looking statements. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.