-9.07605736068716E-05 0.00226901434017063 0.00117988745688869 0.00485569068796512 0.0117534942820839 0.00707932474133238 -0.00154292975131604 -0.00154292975131604
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Stockreport

Blackstone, Ares Back $5 Billion Financing for Thoma Bravo's WWEX-Auctane Merger [Yahoo! Finance]

Ares Management Corporation Class A (ARES)  More Company Research Source: Yahoo! Finance
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
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 [Read more]
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Stockreport

Blackstone, Ares Back $5 Billion Financing for Thoma Bravo's WWEX-Auctane Merger [Yahoo! Finance]

Ares Management Corporation Class A  (ARES) 
More Company Research Source: Yahoo! Finance
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ARES
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS