Blackstone, Ares Back $5 Billion Financing for Thoma Bravo's WWEX-Auctane Merger [Yahoo! Finance]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Yahoo! Finance
This article first appeared on GuruFocus Blackstone ( NYSE:BX ) and Ares Management ( NYSE:ARES helped provide roughly $5 billion in financing to support Thoma Bravo's buyout of third-party logistics provider WWEX Group and its planned merger with shipping-software company Auctane, according to people familiar with the matter. The private credit loan priced at 5.75 percentage points over the benchmark rate and was structured as covenant-lite, meaning the deal does not include maintenance covenants. Blackstone served as the largest lender in the transaction while Ares acted as the administrative agent. Warning! GuruFocus has detected 6 Warning Signs with BX. Is BX fairly valued? Test your thesis with our free DCF calculator. The financing includes a $4.8 billion unitranche loan alongside a revolving credit facility, with a total of 33 lenders participating in the deal, including Blue Owl Capital, HPS Investment Partners, Oaktree and Goldman Sachs, among others. Some lenders we
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ARES
Earnings
- 2/5/26 - Miss
ARES
Sec Filings
- 2/25/26 - Form S-3ASR
- 2/25/26 - Form 10-K
- 2/24/26 - Form 4
- ARES's page on the SEC website