Oaktree Capital Group, LLC Announces Pricing of Public Offering of Series A Preferred Units
2018年5月11日 - 9:32AM
ビジネスワイヤ(英語)
Oaktree Capital Group, LLC (NYSE: OAK) (“Oaktree”) today
announced the pricing of a $180 million offering of 7,200,000 of
its 6.625% Series A Preferred units representing limited liability
company interests with a liquidation preference of $25.00 per unit.
In addition, Oaktree has granted the underwriters an option to
purchase up to an additional 1,080,000 Series A Preferred units
solely to cover over-allotments. The offering is expected to close
on May 17, 2018, subject to the satisfaction of customary closing
conditions.
The offering will be made under Oaktree’s effective Registration
Statement on Form S-3 filed with the U.S. Securities and
Exchange Commission (the “SEC”).
Oaktree intends to use the net proceeds from the sale of the
Series A Preferred units for general corporate purposes, including
to fund investments.
Distributions on the Series A Preferred units, when, as and if
declared by the board of directors of Oaktree, will be paid
quarterly and are non-cumulative.
Oaktree intends to apply to list the Series A Preferred units on
the NYSE under the ticker symbol “OAK PR A”.
Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner
& Smith Incorporated, UBS Securities LLC and Wells Fargo
Securities, LLC are acting as joint book-running managers for the
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
Series A Preferred units in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The offering will be made only by means of a prospectus supplement
and an accompanying prospectus, copies of which may be obtained by
contacting (1) Morgan Stanley & Co. LLC, at 180 Varick
Street, New York, NY 10014 Attention: Prospectus Department, (2)
Merrill Lynch, Pierce, Fenner & Smith Incorporated, at
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC
28255-0001 Attention: Prospectus Department, email:
dg.prospectus_requests@baml.com, (3) UBS Securities LLC, at 1285
Avenue of the Americas, New York, New York 10019, Attention:
Prospectus Specialist or by phone at 1-888-827-7275, and (4) Wells
Fargo Securities, LLC, at 608 2nd Avenue South, Suite 1000,
Minneapolis, Minnesota 55402 Attention: WFS Customer Service
(Toll-Free: 1-800-645-3751 or email:
wfscustomerservice@wellsfargo.com).
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended, which reflect Oaktree’s current views with
respect to, among other things, whether the offering will be
completed. Forward-looking statements contained in this press
release speak only as of the date of this press release. Except as
required by law, Oaktree 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180510006404/en/
Investor Relations:Oaktree Capital Group, LLCAndrea D. Williams,
213-830-6483investorrelations@oaktreecapital.com
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