Ares provided details on new financing commitments. Funds managed by the company’s credit group closed approximately $2 billion in commitments across 31 transactions during the third quarter, totaling $6.4 billion in commitments across 95 transactions year to date.
Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.
Citizens Bank closed $60 million of new senior secured credit facilities for The Rockport Group, a Canton, MA-based shoe designer and manufacturer.
Lightower Fiber Networks and Sidera Networks announced they have signed a definitive agreement for a transaction valued at over $2 billion led by Berkshire Partners and management, to acquire and merge both companies.