Oaktree Capital Group, LLC Announces Pricing of Public Offering of Class A Units


Oaktree Capital Group, LLC Announces Pricing of Public Offering of Class A Units

LOS ANGELES--(BUSINESS WIRE)-- Oaktree Capital Group, LLC (NYS: OAK) ("Oaktree") today announced the pricing of its previously announced public offering of 7,000,000 Class A units at a price to the public of $53.50 per Class A unit. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,050,000 Class A units. Oaktree intends to use all of the net proceeds from the offering to acquire interests in its business from certain of its directors, employees and other investors, including certain of its principals and other members of its senior management. Accordingly, Oaktree will not retain any proceeds from the sale of Class A units in the offering. The offering is expected to close on May 29, 2013.

The offering is being made under Oaktree's effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). Morgan Stanley, BofA Merrill Lynch and Credit Suisse are acting as joint global coordinators and Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities are acting as joint bookrunners for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus supplement and an accompanying prospectus, copies of which may be obtained by contacting Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department (Tel: 1-866-718-1649; e-mail: prospectus@morganstanley.com); BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, New York 10038, (Tel: 1-800-294-1322); e-mail: dg.prospectus_requests@baml.com; or Credit Suisse, One Madison Avenue, New York, New York 10010, Attn: Prospectus Department (Tel: 1-800-221-1037).

About Oaktree

Oaktree is a leading global investment management firm focused on alternative markets. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has offices in 13 cities worldwide.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which reflect Oaktree's current views with respect to, among other things, whether the offering will close. Forward-looking statements contained in this press release speak only as of the date of this press release. Except as required by law, Oaktree does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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

KEYWORDS: United States North America California


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