Oaktree Capital Group, LLC Announces Pricing of Public Offering of Series B Preferred Units
2018年8月3日 - 7:23AM
ビジネスワイヤ(英語)
Oaktree Capital Group, LLC (NYSE: OAK) (“Oaktree”) today
announced the pricing of a $235 million offering of 9,400,000
of its 6.550% Series B 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 1,410,000 Series B Preferred
units solely to cover over-allotments. The offering is expected to
close on August 9, 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 B Preferred units for general corporate purposes, including
to fund investments.
Distributions on the Series B 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 B Preferred units on
the NYSE under the ticker symbol “OAK PR B”.
Morgan Stanley & Co. LLC, BofA Merrill Lynch, UBS
Securities LLC, Wells Fargo Securities, LLC and RBC Capital
Markets, 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 B 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, (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) and (5) RBC Capital
Markets, LLC, at 200 Vesey Street, 8th floor, New York, New York
10281 Attention: DCM Transaction Management or by phone at
1-866-375-6829.
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/20180802006035/en/
Investor Relations:Oaktree Capital Group, LLCAndrea D. Williams,
213-830-6483investorrelations@oaktreecapital.com
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