Funds managed by Ares Management’s alternative credit and U.S. direct lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage.
Thoma Bravo completed its acquisition of Stamps.com for approximately $6.6 billion in cash. Blackstone Credit, credit funds managed by Ares Management, PSP Investments Credit II and Thoma Bravo Credit provided debt financing for the transaction.
Funds managed by Ares Management’s credit group closed on a $150 million preferred equity investment in Inter Miami CF.
Ares Commercial Finance provided a $20 million senior secured revolving line of credit to Trading Technologies International.
Ares SSG, an Asia-Pacific alternative asset manager, closed its third Secured Lending Opportunities Fund III (SLO III), achieving capital commitments of more than $1.6 billion, which Ares believes is the largest pan-Asian secured lending fund to date.
Ares Commercial Finance provided a $10 million senior secured multinational revolving line of credit to MicroStar International Holdings, a portfolio company of Freeman Spogli, for working capital purposes in support of the acquisition of Kegstar Holdings.
AMP Limited and Ares Management entered into a non-binding heads of agreement to pursue a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments.
Funds managed by Ares Management’s credit group closed approximately $7.3 billion in commitments across 68 transactions during Q4/20 and approximately $13.7 billion in commitments across 163 transactions for all of 2020.
Guitar Center, a global musical instrument retailer, entered into a restructuring support agreement with its equity sponsor, funds managed by the private equity group of Ares Management, Brigade Capital Management and The Carlyle Group.