Ares Management Prices First European Direct Lending CLO at £305 Million

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  Posted by Two Blokes Jun 9 - Filed in Stock - 9 views
  
  LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the pricing of its first European Direct Lending Collateralized Loan Obligation (“CLO”), Ares European Direct Lending CLO 1, at £305 million. Ares believes this is the first reinvesting CLO in the European Direct Lending market and is one of the first direct lending CLOs issued in Europe. Ares European Direct Lending CLO 1 is a diversified CLO comprised en.