Fitch expects to rate Oaktree’s unsecured debt “A”

By on Jun, 12 2014 with Comments 0

Oaktree Capital ManagementFitch Ratings expects to assign an unsecured debt rating of ‘A’ to the $250 million of senior unsecured private placement notes offered by Oaktree Capital Management, an indirect subsidiary of Oaktree Capital Group, LLC. The offering is expected to close on 9/3. A portion of the net proceeds are expected to be used to effectively refinance notes maturing in June 2016, while remaining proceeds are expected to be used for working capital and general corporate purposes.

Click here to Login & view the full article & read our famous RBR+TVBR observation (Not a member? Join Today!)

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

Comments are closed.