The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Oaktree Capital Group, LLC Announces Launch of Public Offering of Class A Units

Monday, May 20, 2013

Oaktree Capital Group, LLC Announces Launch of Public Offering of Class A Units

16:05 EDT Monday, May 20, 2013

LOS ANGELES (Business Wire) -- Oaktree Capital Group, LLC (NYSE: OAK) (“Oaktree”) today announced 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering will be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained by contacting Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department (Tel: 1-866-718-1649; e-mail: prospectus@morganstanley.com); BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, New York 10038, (Tel: 1-800-294-1322); e-mail: dg.prospectus_requests@baml.com; or Credit Suisse, One Madison Avenue, New York, New York 10010, Attn: Prospectus Department (Tel: 1-800-221-1037).

About Oaktree

Oaktree is a leading global investment management firm focused on alternative markets. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has offices in 13 cities worldwide.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which reflect Oaktree's current views with respect to, among other things, the anticipated amount and terms of the offering and whether the offering will close. Forward-looking statements contained in this press release speak only as of the date of this press release. Except as required by law, Oaktree does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Investor Relations:
Oaktree Capital Group, LLC
Andrea D. Williams, 213-830-6483
investorrelations@oaktreecapital.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections