Oaktree Secures Loan for Australian Advisory Firm from Ares and Barings

Oaktree Capital Management LP has successfully acquired a private credit loan amounting to A$345 million (approximately $214 million) to support AZ Next Generation Advisory, an Australian advisory business it recently purchased.

Details of the Financial Agreement

Ares Management Corporation and Barings LLC have jointly contributed to an A$325 million term loan as part of this financing package. Additionally, an A$20 million revolving credit line was secured to further bolster financial flexibility.

Purpose of the Loan

According to confidential insider sources, the funds from this five-year financial arrangement will be utilized to settle existing debts of AZ Next Generation Advisory and fuel ongoing growth initiatives.