Ares Provides $50MM Facility to EasyPay Finance
An affiliate of Ares Management provided a $50 million credit facility to EasyPay Finance, a national provider of consumer installment financing for automotive services and repairs.
An affiliate of Ares Management provided a $50 million credit facility to EasyPay Finance, a national provider of consumer installment financing for automotive services and repairs.
Antionette Bush joined the Ares Management board of directors as an independent director.
Ares Management closed its inaugural, commingled U.S. senior direct lending fund with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target.
A fund managed by Ares Management’s Infrastructure and Power strategy closed on the acquisition of three operating utility-scale wind facilities in Texas from BP Wind Energy North America.
Pharmaceutical company Teligent entered into a new senior-secured asset-based first lien revolver with ACF Finco I as administrative agent and a definitive second lien credit agreement with Ares Capital as administrative agent.
Marble Ridge Capital brought suit against Neiman Marcus Group, alleging the company had fraudulently transferred $1 billion in assets for no consideration in order to benefit Ares Management and the Canada Pension Plan Investment Board, the beneficial owners of the Group.
Ares Management completed its conversion to a corporation under Delaware law and changed its name from Ares Management, L.P. to Ares Management Corporation.
Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.
Deutsche Bank closed a four-year, $650 million term loan for Salt Creek Midstream, a portfolio company owned by funds managed by the Private Equity Group of Ares Management and ARM Energy Holdings.
Gastar Exploration entered into a restructuring support agreement with its largest funded-debt creditors. Ares Management agreed to provide $100 million in committed financing to support the restructuring process.