ARES - Ares Management, L.P.
| Previous Close | 23.00 |
| Open | 23.20 |
| Bid | 23.10 x 800 |
| Ask | 23.15 x 800 |
| Day's Range | 22.90 - 23.40 |
| 52 Week Range | 18.00 - 25.95 |
| Volume | 190,134 |
| Avg. Volume | 543,342 |
| Market Cap | 5.059B |
| Beta | 1.67 |
| PE Ratio (TTM) | 29.34 |
| EPS (TTM) | 0.79 |
| Earnings Date | Nov 1, 2018 - Nov 5, 2018 |
| Forward Dividend & Yield | 1.12 (5.20%) |
| Ex-Dividend Date | 2018-09-13 |
| 1y Target Est | 27.30 |
- Business Wire•2 days ago
Ares Management and Starwood Energy to Sell 660 MW Electric Transmission Line to Argo Infrastructure Partners
Ares EIF, the power and infrastructure strategy at Ares Management, L.P. , and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure, announced today that they have signed an agreement to sell their respective interests in Hudson Transmission Partners, LLC to an investment vehicle managed by Argo Infrastructure Partners, LLC.
- American City Business Journals•3 days ago
$242M investment in Gaylord Rockies beefs up Nashville company's western presence
One of the three parties in the development of the Gaylord Rockies is selling its share of the massive hotel and convention center to co-owner.
- Business Wire•3 days ago
Ares Management Adds Two Seasoned Portfolio Managers to its Credit Group
Jason Duko and Kapil Singh Join as Partners to Enhance Portfolio Management Efforts in Syndicated Loans and High Yield Bonds
- The Wall Street Journal•6 days ago
[$$] Ares Management to Sell Colorado Resort Stake for $270 Million
LP Friday said funds managed by its real-estate group agreed to sell its stake in a Colorado resort to its venture partners for $270 million. Inc. and RIDA Development Corp. will acquire its interest in the Gaylord Rockies Resort & Convention Center, a 1,500-room hotel and convention center under construction in Aurora, Colo. Ryman said it will pay about $242 million in cash for a roughly 27.3% stake in the venture, raising its interest to 62.3% from 35%.
- GlobeNewswire•6 days ago
Ryman Hospitality Properties, Inc. Agrees to Increase Ownership in Gaylord Rockies Joint Venture From 35% to Approximately 62.3%
Ryman Hospitality Properties, Inc. (RHP) announced today that it has agreed to a transaction that will increase its ownership stake in the joint venture that owns Gaylord Rockies Resort and Convention Center, a 1,500-room hotel and convention center development under construction in Aurora, Colorado. The development is expected to open in the fourth quarter of 2018. The Company will pay funds managed by affiliates of Ares Management L.P. (ARES) and its affiliates approximately $242 million in cash in exchange for an approximately 27.3 percent interest in the joint venture entity.
- Business Wire•6 days ago
Ares Real Estate Group Announces Sale of Stake in Gaylord Rockies Resort & Convention Center
Ares Management, L.P. (ARES) announced today that funds managed by its Real Estate Group have agreed to the sale of its investment in the Gaylord Rockies Resort & Convention Center, a 1,500-room hotel and convention center under construction in Aurora, Colorado. As part of the transaction, Ryman Hospitality Properties, Inc. (RHP) and RIDA Development Corporation, Ares’ other partners in the development’s joint venture, will pay a combined total of approximately $270 million to acquire Ares’ investment. Located less than 10 minutes from the Denver International Airport and 25 minutes from downtown Denver, Gaylord Rockies Resort & Convention Center is ideally situated for both business and leisure travelers.
- Moody's•8 days ago
Valet Waste Holdings, Inc. -- Moody's assigns B3 CFR to Valet; outlook stable
Moody's Investors Service ("Moody's") assigned a B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR) to Valet Waste Holdings, Inc. ("Valet"). At the same time, Moody's also assigned a B3 rating to the company's proposed $245 million senior secured first lien term loan and $30 million revolver. "Valet has very small scale but is a credible player in a narrow niche service segment with solid EBITDA margins and good free cash flow generation for a company of its size, " said Vladimir Ronin, Moody's lead analyst for the company.
- Moody's•13 days ago
ATD Finance Corp. -- Moody's downgrades American Tire Probability of Default Rating to Ca-PD and Sr Sub Notes rating to C following proposed debt exchange
NOTE: On September 7, 2018, the press release was corrected as follows: The second sentence of the fourth paragraph was changed to The proposal notably entails the company s solicitation of consent from all remaining debt participants, the receipt of which, Moody s believes, is far from assured. New York, September 05, 2018 -- Moody's Investors Service ("Moody's") downgraded its Probability of Default Rating ("PDR") and senior subordinated notes rating for American Tire Distributors, Inc. ("ATDI"), to Ca-PD (from Caa3-PD) and C (from Caa3), respectively, following the company's proposed debt-for-equity exchange offer to holders of the rated notes.
- Business Wire•14 days ago
Ares Management Announces Acquisition of Paradigm Energy Partners’ Assets
Ares Management, L.P. (ARES) announced today that funds managed by Ares EIF, its power and infrastructure strategy, have closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners. The Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a premier regional midstream platform serving the core of the Williston Basin in North Dakota, with additional reach into the prolific Eagle Ford Shale in South Texas.
- Moody's•15 days ago
American Tire Distributors, Inc. -- Moody's downgrades American Tire Probability of Default Rating to Ca-PD and Sr Sub Notes rating to C following proposed debt exchange
Moody's Investors Service ("Moody's") downgraded its Probability of Default Rating ("PDR") and senior subordinated notes rating for American Tire Distributors, Inc. ("ATDI"), to Ca-PD (from Caa3-PD) and C (from Caa3), respectively, following the company's proposed debt-for-equity exchange offer to holders of the rated notes. On September 4, 2018, ATDI announced that it had missed an interest payment and agreed in principle with holders of 70% of its notes ($1,052 million outstanding in aggregate) to convert their debt into a 95% stake of the company's restructured common equity.
- Thomson Reuters StreetEvents•last month
Edited Transcript of ARES earnings conference call or presentation 2-Aug-18 4:00pm GMT
Q2 2018 Ares Management LP Earnings Call
- Reuters•last month
Ares backs BC Partners' takeover of VetPartners
The financing is split between a £320 million super senior and unitranche facilities, £100 million in PIK notes and a £175 million committed acquisition facility, according to the source. BC Partners acquired VetPartners for £700 million from August Equity, which has held a majority stake in the company since 2015. Ares first invested in the company in 2015 and earlier this year Ares acquired a 40 percent after it invested £500 million in a mixture of unitranche and preference shares to support the recapitalisation of the business.
- Reuters•last month
US middle market direct lending strategies still raking in capital
Investors continue to inject capital into US middle market direct lending strategies at a pace that could result in 2018 fundraising surpassing the record tallies seen in 2016 and 2017. Top tier asset managers and veteran middle market lenders continue to amass significant amounts of capital in response to unprecedented investor demand for the asset class for the third year in a row. Global alternative asset manager Ares Management said on the firm’s August 2 second quarter earnings call that it raised US$1.4bn in a first close of a new US senior direct lending fund and that it anticipates a final close in excess of US$3.5bn by year-end, including additional equity commitments and expected leverage.
- PR Newswire•last month
OnDeck Adds New $175 Million Credit Facility
NEW YORK, Aug. 8, 2018 /PRNewswire/ -- OnDeck® (ONDK), the leader in online lending for small business, announced today the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (ARES). The new facility will be utilized to finance OnDeck's line of credit portfolio and may also be used to finance the company's term loans.
- Business Wire•2 months ago
Ares Management’s Credit Group Highlights Second Quarter Financing Commitments
Approximately $3.6 Billion in New Investment Commitments Closed in the Second Quarter
- ACCESSWIRE•2 months ago
Ares Management LP to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Ares Management LP (NYSE: ARES ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 12:00 PM Eastern Time. ...
- Zacks•2 months ago
Ares Management (ARES) Misses Q2 Earnings and Revenue Estimates
Ares Management (ARES) delivered earnings and revenue surprises of -15.00% and -3.05%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
Ares Management: 2Q Earnings Snapshot
The Los Angeles-based company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 34 cents per share. The results did not meet Wall Street expectations. The average ...
- Business Wire•2 months ago
Ares Management, L.P. Reports Second Quarter 2018 Results
Ares Management, L.P. (ARES) today reported its financial results for its second quarter ended June 30, 2018. “Our second quarter results demonstrate our continued strong growth with fee related earnings, realized income and assets under management all showing high teens or better growth on a year over year basis,” said Michael Arougheti, Chief Executive Officer and President of Ares. “With $12 billion of funds raised in the second quarter and $19 billion in the first half of 2018, we expect this to be our best year yet of fundraising as we capitalize on our market leadership in global direct lending and private credit.
- The Wall Street Journal•2 months ago
[$$] Gastar Exploration Open to Offers as It Mulls Ares Deal
Gastar Exploration’s chief executive said Wednesday that the Texas-based driller is open to proposals as it mulls a restructuring deal with private-equity firm Ares Management.
- American City Business Journals•2 months ago
SA company adds partner on Permian-to-Corpus pipeline
A crude oil pipeline being built by a San Antonio-based midstream company has added one of the largest largest oil companies operating in West Texas as a new partner.
- Business Wire•2 months ago
Ares Management Closes Fourth European Direct Lending Fund at €6.5 Billion
Within six months of its launch, ACE IV was significantly oversubscribed relative to its initial target of €4.5 billion, closing at its hard cap of €6.5 billion of total commitments. ACE IV is the largest European direct lending fund raised to date. This fundraise represents a significant increase from ACE IV’s predecessor fund, Ares Capital Europe III (“ACE III”), which held its final close in May 2016 at €2.5 billion.
