Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ares Management Said to Be Planning $402 Million CLO

Ares Management LLC is planning to raise a $402 million collateralized loan obligation with Bank of America Corp., according to two people familiar with the talks.

The investment portfolio will include a $260 million slice rated AAA by Standard & Poor’s, a $21 million slice graded AA, a $35 million slice graded A, a $22 million BBB rated piece and an $18 million piece with BB rating, said one of the people, who declined to be identified because the talks are private.

The portfolio will also include a $46 million slice of equity. Bank of America may market and price the deal in January, the person said.

CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.

Kerrie McHugh, a Bank of America spokeswoman, and Bill Mendel, a spokesman for Los Angeles-based Ares, declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.