Ares Provides $2 Billion Debt Facility to Phoenix Tower International

LONDON–(BUSINESS WIRE)–Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, announced today that certain of its funds (“Ares”) provided $2.0 billion of a $6.5 billion multi-jurisdiction financing for Phoenix Tower International (“PTI”), a leading global owner and operator of telecom tower infrastructure. As part of the transaction, Ares funded approximately $1.8 billion at closing. The new debt facility will be used to consolidate PTI’s existing loans and

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