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Ares Management Corporation - ARES STOCK NEWS

Welcome to our dedicated page for Ares Management Corporation news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management Corporation stock.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager with a diversified platform that provides clients with complementary primary and secondary investment solutions across credit, private equity, real estate, and infrastructure asset classes. Founded in 1997, Ares adheres to a disciplined investment philosophy designed to deliver strong risk-adjusted returns throughout various market cycles.

As of December 31, 2023, Ares manages approximately $428 billion in assets and operates from over 15 offices across North America, Europe, Asia, and Australia. The company is organized into four key business segments: the Credit Group, the Private Equity Group, the Real Assets Group, and the Secondaries Group.

The Credit Group is Ares' largest segment by revenue, focusing on managing credit strategies across both liquid and illiquid markets. This includes investing in leveraged loans, high-yield bonds, and private credit opportunities. Highlighting its recent achievements, Ares closed approximately $9.3 billion in U.S. direct lending commitments in Q1 2024 alone.

The Private Equity Group handles investments in corporate private equity, infrastructure and power, and special opportunities. Notable investments include support for the growth plans of companies like Aptean and Artivion.

The Real Assets Group manages comprehensive equity and debt strategies across real estate and infrastructure investments. Recent projects include significant contributions to Vantage Data Centers' expansion in the EMEA region.

The Secondaries Group invests in secondary markets across a range of alternative asset strategies, including private equity, real estate, infrastructure, and credit.

Ares places a strong emphasis on collaboration across its investment groups to generate consistent and attractive returns. The firm is committed to flexible capital deployment to support businesses and create value for stakeholders. For more information, visit www.aresmgmt.com.

News

Ares Management Launches Automated Industrial Robotics Inc.

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Ares Private Equity Fund has invested in Automated Industrial Robotics Inc. (AIR) to support its growth strategy. AIR has acquired TA Systems and Modular Automation, focusing on delivering innovative, cost-competitive solutions to address the complex needs of global businesses. The companies bring a strong cultural and technological alignment, deep industry vertical knowledge, and experience. Ares believes that AIR is well-positioned to build a competitive global platform through strategic acquisitions and organic growth.
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Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management

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Sunbit, a financial technology company, secured a $310 million debt warehouse facility to support growing consumer demand for its Buy Now, Pay Later solution and Sunbit Card. The facility was led by Citi and Ares Management Credit funds. The company has achieved rapid growth, serving over 2.6 million loan customers with over $1 billion in merchant transaction volume. Sunbit is the leader in BNPL financing in the automotive services sector, serving customers of approximately 40% of the franchise dealerships in the U.S. and is one of the fastest-growing companies serving the dental market. The no-fee Sunbit Card was used for nearly $340 million in purchases by over 110,000 consumers in 12 months. The company has a strong focus on offering inclusive and personalized financing choices, with an average 90% approval rate and no fees charged. Sunbit's financial performance and strong underwriting led to the facility from Citi and Ares, despite ongoing macro headwinds and caution prevalent in the capital markets.
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Artivion Obtains $350 Million in Senior Secured Credit Facilities

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Artivion, Inc. (NYSE: AORT) has closed a $350 million non-dilutive credit agreement with Ares Management Credit funds, consisting of senior secured, interest-only credit facilities with 6-year maturities. The agreement includes an initial $190 million term loan, a $60 million revolving credit facility, and an additional $100 million in unfunded delayed draw term loan commitments. The company plans to use the funds to address debt maturities and optimize its capital structure. The agreement reflects the company's confidence in its business outlook and aims to deliver significant shareholder value.
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Ares Capital Corporation Prices Public Offering of $1.00 Billion 5.875% Unsecured Notes Due 2029

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Ares Capital Corporation (ARCC) has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029. The notes will mature on March 1, 2029, and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a 'make-whole' premium, if applicable. The offering is expected to close on January 23, 2024, subject to customary closing conditions. Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
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Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ending December 31, 2023

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Ares Management Corporation (ARES) will report earnings for Q4 and full year ending December 31, 2023 on February 8, 2024. The webcast/conference call will be held at 11:00 a.m. (Eastern Time) on the same day to discuss financial results. Interested parties can participate via telephone or live webcast. Archived replay will be available through March 8, 2024.
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Ares Management Raises Approximately $3.3 Billion of Real Estate Secondaries Capital

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Ares Management Corporation (ARES) raised $3.3 billion for real estate secondaries capital, including the Landmark Real Estate Fund IX. The fund provides flexible solutions for Limited Partners and General Partners, seeking to acquire seasoned assets at discounts and build diversified portfolios. The team has a track record of over 25 years and has invested or committed approximately $8.3 billion across more than 200 transactions.
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Ares Management Corporation to Present at the Goldman Sachs 2023 US Financial Services Conference

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Ares Management Corporation (ARES) CEO Michael Arougheti to present at Goldman Sachs 2023 US Financial Services Conference
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Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer

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Ares Capital Corporation (NASDAQ: ARCC) announces CFO transition, with Scott Lem replacing Penni Roll effective February 15, 2024. Roll to remain in senior leadership role. CEO Kipp deVeer expresses gratitude to Roll and welcomes Lem's extensive experience and leadership.
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Ares Management Corporation Prices Offering of Senior Notes

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Ares Management Corporation (ARES) Announces Pricing of $500 Million Senior Notes Offering at 6.375% Interest Rate, Expected to Close on November 10, 2023. The net proceeds will be approximately $496.0 million for general corporate purposes, including debt repayment and growth initiatives.
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Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility

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Paragon 28, Inc. (NYSE: FNA) secures $150 million credit facility from Ares Capital Corporation, replacing existing $90 million senior credit facility. The non-dilutive facility includes $100 million in term loans and a $50 million revolving credit facility, reinforcing the company's pathway to cash flow break-even.
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FAQ

What is the current stock price of Ares Management Corporation (ARES)?

The current stock price of Ares Management Corporation (ARES) is $182.3 as of January 8, 2025.

What is the market cap of Ares Management Corporation (ARES)?

The market cap of Ares Management Corporation (ARES) is approximately 36.5B.

What is Ares Management Corporation?

Ares Management Corporation is a global alternative investment manager offering solutions across credit, private equity, real estate, and infrastructure.

What is the primary focus of Ares' Credit Group?

The Credit Group focuses on managing credit strategies across liquid and illiquid markets, including leveraged loans and private credit opportunities.

How many assets does Ares Management Corporation manage?

As of December 31, 2023, Ares manages approximately $428 billion in assets.

What are the key business segments of Ares?

Ares operates through four key segments: Credit Group, Private Equity Group, Real Assets Group, and Secondaries Group.

Can you provide examples of recent investments by Ares?

Recent investments include Aptean in enterprise software, Artivion in medical devices, and Vantage Data Centers in digital infrastructure.

How does Ares collaborate across its investment groups?

Ares collaborates across its investment groups to generate consistent and attractive returns, leveraging synergies for better performance.

What is the investment philosophy of Ares?

Ares follows a disciplined investment philosophy aimed at delivering strong risk-adjusted returns throughout market cycles.

How does Ares contribute to environmental sustainability?

Ares supports environmental sustainability through investments like Vantage Data Centers, which aims to achieve net zero carbon emissions by 2030.

Where can I find more information about Ares Management Corporation?

For more information, visit their official website at www.aresmgmt.com.

How does Ares support businesses and stakeholders?

Ares provides flexible capital to support businesses, aiming to create value for stakeholders and contribute to community development.
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Ares Management Corporation

NYSE:ARES

ARES Rankings

#349 Ranked by Market Cap
#1399 Ranked by Dividends

ARES Stock Data

36.45B
171.46M
13.12%
83.84%
1.77%
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