Ares Commits Additional Capital as Part of Salt Creek Recapitalization
SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.
SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.
California Resources Corporation (CRC) entered into a restructuring support agreement with Ares Management along with holders of approximately 84% of CRC’s 2017 term loans and 51% of CRC’s 2016 term loans.
Ares Management’s subsidiary, Ares Holdings, completed its previously disclosed acquisition of a controlling interest in SSG Capital Holdings and its operating subsidiaries, an Asian alternative asset management firm.
An affiliate of H.I.G. Advantage, an investment affiliate of H.I.G. Capital, completed the acquisition of Supply Source Enterprises. Funds affiliated with Ares Management provided financing for the transaction.
Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.
Ares Management, an alternative investment manager, closed ts Ares Special Opportunities Fund. The fund was significantly oversubscribed at more than $3.5 billion of commitments relative to its $2 billion target.
Funds managed by Ares Management’s alternative credit strategy led a $250 million revolving asset-backed credit facility for Affirm, a financial technology company.
Funds managed by affiliates of Ares Management acted as administrative agent and collateral agent for a five-year, $450 million senior secured credit facility for LivaNova.
Funds managed by Ares Management’s alternative credit strategy led the closing of a three-year, $400 million secured loan commitment for Chimera Investment.
In conjunction with a $150 million capital raise by Ares Management for IGS Resi Solar III, ING arranged a seven-year, $146 million senior secured financing for IGS Resi OpCo II.