Oaktree Announces $250 Million Offering of Senior Notes

  Oaktree Announces $250 Million Offering of Senior Notes

Business Wire

LOS ANGELES -- June 12, 2014

Oaktree Capital Group, LLC (NYSE: OAK) today announced that it has received
commitments from certain accredited investors (collectively, “the Investors”)
to purchase $250 million of senior notes (the “Notes”) of its indirect
subsidiaries Oaktree Capital Management, L.P. (the “Issuer”), and Oaktree
Capital I, L.P., Oaktree Capital II, L.P. and Oaktree AIF Investments, L.P.
(the “Guarantors” and together with the Issuer, the “Obligors”) with
maturities ranging from 10 to 15 years. The Notes are senior unsecured
obligations of the Obligors, jointly and severally guaranteed by the
Guarantors. The Issuer intends to use the proceeds from the sale of the Notes
for working capital and general corporate purposes.

Pursuant to the commitments, the Issuer intends to issue and sell to the
Investors $50 million of 3.91% senior notes due 2024, $100 million of 4.01%
senior notes due 2026 and $100 million of 4.21% senior notes due 2029, all of
which are guaranteed by the Guarantors. The offering of the Notes is subject
to the execution of definitive documents and is expected to close on September
3, 2014.

The offer and sale of the Notes will be made solely in private placement
transactions exempt from registration pursuant to Section 4(a)(2) of the
Securities Act of 1933, as amended (the “Securities Act”).

The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of
an offer to purchase the Notes or any other securities, and shall not
constitute an offer, solicitation or sale in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful. This press
release is being issued pursuant to and in accordance with Rule 135c under the
Securities Act.

Contact:

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