NEW YORK, NY / ACCESSWIRE / December 4, 2024 / Ares Management Corporation announced today that its Co-Founder, Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs Financial Services Conference on Wednesday, December 11, 2024 at 9:20am ET.

$12.3 Billion in New Commitments Closed in the Third Quarter, Reaching a Record of $44.5 Billion Closed in the 12 Months Ended September 30, 2024

Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2024.

CION Ares Management LLC (“CAM”), a joint venture between affiliates of CION Investments (“CION”), a leading manager and distributor of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that CION Ares Diversified Credit Fund (“CADC” or the “Fund”) recently surpassed $6 billion in total assets under management.

Certified Automotive Lease Corp ("CAL Automotive"), a wholly-owned subsidiary of Auto Lender’s Liquidation Center, Inc. (“Auto Lenders”), and Ares Management Alternative Credit funds (“Ares”) announced today that CAL Automotive and Ares have entered a joint venture to purchase and invest up to $1.5 billion in prime new vehicle leases originated by CAL.

$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024

NEW YORK, NY / ACCESSWIRE / October 17, 2024 / Ares Management Corporation announced today that it has updated the time it will hold its earnings webcast/conference call for the third quarter ending September 30, 2024 to 9:00am ET on Friday, November 1, 2024. Ares Management Corporation will report its earnings for the third quarter ending September 30, 2024 earlier that morning, prior to the opening of the New York Stock Exchange.

EPIC Crude Holdings, LP (“EPIC Crude” or “the Company”) today announced that it has completed the issuance of a new $1,200 million senior secured Term Loan B due 2031. The Company used the net proceeds from the Term Loan to repay its existing $1,125 million Term Loan B and Term Loan C due 2026 and repay its existing $40 million senior secured revolver due 2026. As part of the transaction, the Company entered into a new agreement for a super-priority revolving credit facility of $125 million due 2029, undrawn at close. This refinancing is a key component of the overall transformation of the EPIC Crude business and is reflected in the Company’s Ba3 and BB- credit ratings from Moody’s and S&P, respectively. With the refinancing, EPIC Crude expects to save more than $25 million in interest expense on an annual basis.

Ares Management Corporation (“Ares” or the “Company”) (NYSE: ARES) today announced that it has priced an offering (the “Offering”) of $750,000,000 aggregate principal amount of its 5.600% Senior Notes due 2054 (the “notes”). The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC, Ares Finance Co. III LLC and Ares Finance Co. IV LLC. The Offering is expected to close on October 11, 2024, subject to the satisfaction of customary closing conditions.

Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 27,000,000 shares of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share (“Mandatory Convertible Preferred Stock”), of the Company at a public offering price of $50.00 per share of Mandatory Convertible Preferred Stock. In addition, Ares has granted to the underwriters of the Offering a 30-day option to purchase up to an additional 3,000,000 shares of Mandatory Convertible Preferred Stock at the public offering price, less underwriting discounts and commissions, solely to cover over-allotments. The Offering is expected to close on or about October 10, 2024, subject to customary closing conditions.

Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the launch of an underwritten public offering (the “Offering”) of 27,000,000 shares of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share (“Mandatory Convertible Preferred Stock”), of the Company. Ares expects to grant to the underwriters of the Offering a 30-day option to purchase up to 3,000,000 additional shares of Mandatory Convertible Preferred Stock solely to cover over-allotments. Ares intends to use the net proceeds from the Offering for (i) the payment of a portion of the cash consideration due in respect of the Company’s previously announced acquisition of the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds (the “GCP Acquisition”) and related fees, costs and expenses and/or (ii) general corporate purposes, including repayment of debt, other strategic acquisitions and growth initiatives. Pending such use, Ares may invest the net proceeds in short-term investments and/or repay borrowings under its subsidiaries’ revolving credit facility.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion. The consideration includes approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares, subject to customary adjustments. The transaction is structured to include long-term performance incentives designed to align GCP International leadership with the interests of fund clients and Ares stockholders. The acquisition will firmly establish Ares Real Estate as one of the largest global vertically integrated platforms and nearly doubles its assets under management (“AUM”) to approximately $96 billion across North America, Europe, Asia and Latin America. The transaction is expected to be modestly accretive to Ares’ after-tax realized income per share of Class A and non-voting common stock in the first full calendar year following the acquisition with meaningfully higher accretion expected in future years.

Automated Industrial Robotics Inc. (“AIR” or the “Company”) today announced the acquisition of Robotics & Drives (“RDS”), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The transaction further reinforces AIR’s presence in Europe, strengthens the Company’s ability to integrate robotics solutions into its automated systems and adds to the product portfolio. The transaction was funded primarily by an additional investment from an Ares Management Private Equity fund (“Ares”).

NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its third quarter ending September 30, 2024 financial results.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walton Street”).

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (“AREOF IV” or the “Fund”). Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the Fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.

NEW YORK, NY / ACCESSWIRE / September 3, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 9:45am ET.

Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024.

Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0 billion. The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicles and anticipated leverage. The Fund is nearly double the size of SDL II, its 2021 predecessor fund, which had $14.9 billion in total debt and equity commitments. Approximately $6.4 billion in debt and equity commitments for SDL III were raised during the second quarter of 2024 alone.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its Alternative Credit strategy have led a £755 million preferred equity commitment in Quintain, the award-winning development and asset management company which owns and manages the iconic 85-acre Wembley Park estate in London. Quintain is owned by funds managed by Lone Star Funds (“Lone Star”), which will be contributing £337 million to the preferred equity instrument.

NEW YORK, NY / ACCESSWIRE / July 1, 2024 / Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2024 on Friday, August 2, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its second quarter ending June 30, 2024 financial results.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Aspida Life Insurance Company (Aspida Life) (Durham, NC) and Aspida Life Re Ltd. (Aspida Re) (Bermuda), collectively referred to as Aspida Group. The outlook of these Credit Ratings (ratings) is stable.

Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the pricing of its previously announced underwritten public offering (the “Offering”) of 2,650,000 shares of Class A common stock, par value $0.01 per share (“Class A common stock”), of the Company at a public offering price of $134.75 per share of Class A common stock. In addition, Ares has granted to the underwriters of the Offering an option to purchase up to an additional 397,500 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on or about June 14, 2024, subject to customary closing conditions.

Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the launch of an underwritten public offering (the “Offering”) of 2,650,000 shares of Class A common stock, par value $0.01 per share (“Class A common stock”), of the Company. Ares expects to grant to the underwriters of the offering an option to purchase up to 397,500 additional shares of Class A common stock. Ares intends to use the net proceeds from the offering for general corporate purposes, including repayment of debt, strategic acquisitions and to fund growth initiatives.

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Ares Management Corporation (NYSE:ARES) announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024 at 10:15am ET.