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Oaktree Capital Group LLC Announces Launch Of Public Offering Of Class A Units

Monday, 20 May 2013 04:05pm EDT 

Oaktree Capital Group LLC announced that a public offering of 6,000,000 Class A units. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 900,000 Class A units. Oaktree intends to use all of the net proceeds from the offering to acquire interests in its business from certain of its directors, employees and other investors, including certain of its principals and other members of its senior management. Accordingly, Oaktree will not retain any proceeds from the sale of Class A units in the offering. The offering will be made under Oaktree`s effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). Morgan Stanley, BofA Merrill Lynch and Credit Suisse are acting as joint global coordinators and Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities are acting as joint bookrunners for the offering. 

Company Quote

0.57 +1.11%
26 Dec 2014