Ares Management (ARES) Stock News, May-Jul 2025

Ares Management (NYSE:ARES) has renewed and expanded its secured loan facility to Momentum Financial Services Group, increasing the commitment from C$575 million to C$657.9 million. The expanded facility will be used to repay the 2023 secured loan facility and fund growth in eligible loan receivables.

Momentum Financial Services Group, operating under the Money Mart® and The Check Cashing Store® brands, maintains over 360 stores in Canada and 60 in the United States. This renewal strengthens their partnership with Ares Management Alternative Credit funds, whose global platform managed approximately $546 billion in assets as of March 31, 2025.

Ares Management Corporation (NYSE: ARES) has announced the acquisition of a 20% stake in Plenitude, an energy transition company controlled by Eni, for €2 billion. The deal values Plenitude at an enterprise value of over €12 billion. Plenitude operates in more than 15 countries, combining renewable energy production of over 4 GW with retail and energy solutions. The company serves over 10 million customers and manages 21,500 charging points for electric vehicles. The transaction, subject to regulatory approvals, represents a strategic investment in Plenitude's integrated business model focusing on economic and environmental sustainability. Ares Alternative Credit, managing approximately $42.9 billion in assets, will leverage its experience in asset-based finance and renewables infrastructure to support Plenitude's growth strategy.

Ares Management Corporation (NYSE: ARES) has launched its first European Long-Term Investment Fund (ELTIF), the Ares European Strategic Income ELTIF Fund (AESIF ELTIF). This semi-liquid perpetual direct lending fund aims to provide individual investors in the European Economic Area access to Ares' European Direct Lending strategy through lower investment minimums. The fund focuses on directly originated, senior secured floating rate loans to Western European businesses, targeting durable income with downside protection. Ares' European Direct Lending strategy, launched in 2007, has grown to manage over $77 billion in assets and completed more than 390 investments totaling over €73 billion. The strategy is managed by approximately 95 investment professionals across seven European offices. This launch represents Ares' continued expansion of its wealth management platform, which now includes around 150 professionals globally.

Ares Management Corporation (NYSE: ARES) has successfully closed its first data center investment and development fund in Japan, Japan DC Partners I LP (JDC I), raising US$2.4 billion in equity commitments. The Fund will focus on developing three data center campuses in Greater Tokyo, expected to deliver 240MW of IT load. Canada Pension Plan Investment Board (CPP Investments) is a major investor, committing US$1.3 billion, alongside GLP Pte Ltd. The development will be executed through Ada Infrastructure, Ares' data center platform acquired through GCP International. The projects will incorporate sustainability features including renewable power sourcing and efficient cooling systems. This strategic move positions Ares as one of Japan's largest data center investors, targeting the growing demand from cloud computing and AI applications.

Ares Management (NYSE: ARES) has announced the pricing of its first European Direct Lending CLO at £305 million, marking a significant milestone as one of the first direct lending CLOs in Europe. The Ares European Direct Lending CLO 1 consists of directly originated and actively managed loans from over 50 UK-based middle-market companies, primarily in defensive industries. The CLO focuses on senior-secured floating rate loans and will be rated by S&P and KBRA. Ares' European Direct Lending strategy manages over $77 billion in assets and has completed over 390 investments totaling €73 billion since 2007. The firm's global CLO portfolio represents $32 billion of its $359 billion total Credit Group assets as of March 31, 2025.

Ares Management Corporation (ARES) announced that CFO Jarrod Phillips will present at the Morgan Stanley US Financials Conference on June 10, 2025, at 12:15pm ET. The presentation will be accessible via live audio webcast through the Investor Resources section of Ares' website at www.aresmgmt.com. A replay of the presentation will be made available on the company's website following the event for those unable to attend the live webcast.

Antares Capital has successfully closed its first continuation vehicle with over $1.2 billion in commitments, led by Ares Management Corporation's Credit Secondaries funds. The vehicle was created to acquire assets and limited partner interests from two comingled private credit funds, encompassing more than 100 underlying first lien, floating rate loans originated and managed by Antares. This transaction represents Ares' largest credit secondary investment to date and provides existing investors with a liquidity option while offering new investors access to Antares-originated private credit assets. The deal strengthens the strategic partnership between Antares and Ares while expanding Antares' platform capabilities in providing liquidity solutions.

Ares Commercial Finance (ARES) and Ansley Park Capital have jointly provided a $30 million financing package to Shimmick Corporation, an Irvine-based infrastructure solutions provider. The package consists of a $15 million senior secured revolving line of credit from ACF and a $15 million machinery and equipment term loan from Ansley Park Capital.

The financing will be used to refinance existing debt and provide additional liquidity for Shimmick, which specializes in water, climate resilience, energy transition, and sustainable transportation infrastructure projects. The customized credit facility aims to support Shimmick's project pipeline throughout 2025 and beyond.

Ares Capital Corporation (ARCC) has priced a $750 million public offering of unsecured notes with a 5.500% interest rate, maturing on September 1, 2030. The notes can be redeemed at any time at par plus a "make-whole" premium. The offering, led by multiple prominent financial institutions including BofA Securities, J.P. Morgan Securities, and RBC Capital Markets as joint book-running managers, is expected to close on June 3, 2025. The company plans to use the net proceeds to repay existing debt facilities, with the option to reborrow for general corporate purposes, including portfolio company investments.