Oaktree Gets Private Loan from Ares, Barings for Advisory Firm
Oaktree Capital Management LP has obtained an A$345 million ($214 million) private credit loan for Australian advisory firm AZ Next Generation Advisory, which it recently acquired, according to people familiar with the matter.
Ares Management Corp and Barings equally funded an A$325 million term loan, while Macquarie Bank Ltd. provided an A$20 million revolving credit facility, the people said, who asked not to be identified discussing private matters. The proceeds of the five-year facility will refinance AZ NGA's existing debt and support its expansion plans, the people said.
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