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Oaktree Capital Group LLC announces pricing of public offering of class A units


Wednesday, 5 Mar 2014 08:30am EST 

Oaktree Capital Group LLC:Pricing of previously announced public offering of 5,000,000 Class A units for expected approximate gross proceeds of $300 million.Underwriter has been granted a 30-day option to purchase up to an additional 750,000 Class A units to cover overallotments.Intends to use the net proceeds from the offering to acquire interests in its business from certain of its directors, employees and other investors.Offering is expected to close on March 10. 

Company Quote

51.05
0.08 +0.16%
17 Sep 2014