UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2014
Ares Management, L.P.
(Exact name of registrant as specified in its charter)
Delaware |
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001-36429 |
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80-0962035 |
2000 Avenue of the Stars, 12th Floor |
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90067 |
(Address of principal executive offices) |
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(Zip Code) |
(310) 201-4100
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On October 1, 2014, Ares Finance Co. LLC, an indirect subsidiary of Ares Management, L.P., priced the previously announced offering of $250,000,000 aggregate principal amount of its 4.000% Senior Notes due 2024. The notes will be fully and unconditionally guaranteed by Ares Management, L.P., Ares Holdings Inc., Ares Domestic Holdings Inc., Ares Real Estate Holdings LLC, Ares Holdings L.P., Ares Domestic Holdings L.P., Ares Investments L.P., Ares Real Estate Holdings L.P., Ares Management LLC and Ares Investments Holdings LLC. The offering is subject to customary closing conditions. Ares intends to use a portion of the net proceeds from the sale of the notes to repay outstanding borrowings under its revolving credit facility and promissory notes issued in connection with a prior acquisition. Any remaining net proceeds will be used for general corporate purposes, including any strategic acquisitions or related transactions, and to fund growth initiatives. Ares has entered into a non-binding letter of intent for an acquisition that is not material to its businesses. There can be no assurance that Ares will enter into a binding agreement or complete such acquisition or any other acquisition.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release, dated October 1, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ARES MANAGEMENT, L.P. | |||
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By: |
Ares Management GP LLC, its general partner | |
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Date: October 1, 2014 |
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By: |
/s/ Daniel F. Nguyen | |
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Name: |
Daniel F. Nguyen |
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Title: |
Executive Vice President, Chief Financial Officer & Treasurer |
Exhibit 99.1
ARES MANAGEMENT, L.P. ANNOUNCES
PRICING OF SENIOR NOTES OFFERING
LOS ANGELES October 1, 2014 Ares Management, L.P. (NYSE:ARES) today announced the pricing of the previously announced offering of $250,000,000 of 4.000% Senior Notes due 2024 by Ares Finance Co. LLC, its indirect subsidiary. The notes will be fully and unconditionally guaranteed by Ares Management, L.P., Ares Holdings Inc., Ares Domestic Holdings Inc., Ares Real Estate Holdings LLC, Ares Holdings L.P., Ares Domestic Holdings L.P., Ares Investments L.P., Ares Real Estate Holdings L.P., Ares Management LLC and Ares Investments Holdings LLC. The offering is subject to customary closing conditions. Ares intends to use a portion of the net proceeds from the sale of the notes to repay outstanding borrowings under its revolving credit facility and promissory notes issued in connection with a prior acquisition. Any remaining net proceeds will be used for general corporate purposes, including future strategic acquisitions or related transactions, and to fund growth initiatives. Ares has entered into a non-binding letter of intent for an acquisition that is not material to its businesses. There can be no assurance that Ares will enter into a binding agreement or complete such acquisition or any other acquisition.
The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the Securities Act).
The notes have not been and will not be 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 news 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.
Contact
Ares Management, L.P.
Carl Drake
(800) 340-6597