Oaktree CapitalManagement LP has closed a private placement of $100 million of its3.69% senior notes dueJuly 12, 2031, to certain accredited investors.

The company plans to use the proceeds to repay a portion of its$250 million term loan due March 31, 2021.

The notes were sold under a note and guaranty agreement amongthe company, Oaktree Capital I LP, Oaktree Capital II LP and Oaktree AIF InvestmentsLP, and the investors.