F.N.B. entered its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C., area and plans to extend its commercial banking operations into Richmond, VA, with a new loan origination center.
Evolent Health entered into a definitive agreement to acquire IPG, a technology and services company providing surgical management solutions for musculoskeletal conditions. Ares Management provided a $225 million senior credit facility to support the acquisition.
Ares Management, a global alternative investment manager, released its first-ever TCFD Climate Action Report alongside its annual sustainability report titled Accelerating Our Impact.
The funds managed by Ares Management’s infrastructure debt strategy committed a delayed-draw sustainability-linked debt facility to EdgeConneX, a global provider of data center solutions.
Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during Q1/22 and approximately $35 billion in direct lending commitments across 287 transactions in the past year.
Ares Management entered into a definitive agreement to acquire, on behalf of funds managed by the Ares Credit Group, the middle market-lending portfolio of Annaly Capital Management for approximately $2.4 billion.
Black Women in Asset Management added Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital, Morningstar and State Street Global Advisors as new institutional members.
Sharestates closed a $100 million warehouse line of credit led by funds managed by the credit group of Ares Management to capitalize on demand from borrowers.
Amryt, a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, secured $125 million of senior credit facilities from funds managed by the credit group of Ares Management.