Ares Backs Phoenix Tower With $2 Billion in New Debt Financing
MT newswire2026/10/01 07:29Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:29 AM EDT, 10/01/2026 (MT Newswires) -- Ares Management's (ARES) funds have provided $2 billion as part of a $6.5 billion multi-jurisdiction debt financing for Phoenix Tower International, the company said Thursday. The company funded about $1.8 billion at closing, with the new facility set to refinance Phoenix's existing loans and support expansion across current and new global markets. Ares said its infrastructure debt team structured the transaction.
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