Financial Obligation Form 8 K

On October 11, 2024, Ares Management Corporation (the "Company") issued $750,000,000 aggregate principal amount of its 5.600% Senior Notes due 2054 (the "Notes") pursuant to a previously announced underwritten public offering (the "Offering"). The Notes were issued pursuant to a base indenture, dated as of November 10, 2023 (the "Base Indenture"), between the Company and U.S. Bank Trust Company, National Association, as Trustee (the "Trustee"), as supplemented by the second supplemental indenture, dated as of October 11, 2024, among the Company, Ares Finance Co. LLC, a Delaware limited liability company ("AFC"), Ares Finance Co. II LLC, a Delaware limited liability company ("AFC II"), Ares Finance Co. III LLC, a Delaware limited liability company ("AFC III"), Ares Finance Co. IV LLC, a Delaware limited liability company ("AFC IV"), Ares Holdings L.P., a Delaware limited partnership ("Ares Holdings"), Ares Management LLC, a Delaware limited liability company ("Ares Management"), and Ares Investments Holdings LLC, a Delaware limited liability company (together with AFC, AFC II, AFC III, AFC IV, Ares Holdings, and Ares Management, the "Guarantors"), and the Trustee (the "Second Supplemental Indenture" and together with the Base Indenture, the "Indenture").

The Notes were sold pursuant to an effective automatic shelf registration statement on Form S-3 (as amended, the "Registration Statement") (File Nos. 333-270053, 333-270053-01, 333-270053-02, 333-270053-03, 333-270053-04, 333-270053-05, 333-270053-06 and 333-270053-07), filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2023. The terms of the Offering are described in a prospectus, dated February 27, 2023, as supplemented by a prospectus supplement, dated October 9, 2024.

The information contained in Item 2.03 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01.