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v3.23.2

DEBT - Debt Obligations (Details) - Ares Management L.P - USD ($) $ in Thousands | 1 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Oct. 31, 2014 | Jun. 30, 2023 | Dec. 31, 2022
DEBT |  |  |  |  |
Carrying Value |  |  |  | $ 2,299,731 | $ 2,273,854
Credit Facility |  |  |  |  |
DEBT |  |  |  |  |
Carrying Value |  |  |  | $ 725,000 | $ 700,000
Interest Rate |  |  |  | 6.19% | 5.37%
Maximum borrowing capacity |  |  |  | $ 1,325,000 |
Unused commitment fees |  |  |  | 0.10% |
Interest rate |  |  |  | 0.00% |
Credit Facility | SOFR |  |  |  |  |
DEBT |  |  |  |  |
Interest rate spread |  |  |  | 1.00% |
Senior Notes 2024 |  |  |  |  |
DEBT |  |  |  |  |
Original Borrowing Amount |  |  |  | $ 250,000 |
Carrying Value |  |  |  | $ 249,055 | $ 248,693
Interest Rate |  |  |  | 4.21% | 4.21%
Debt issuance rate |  |  | 98.27% |  |
Senior Notes 2030 |  |  |  |  |
DEBT |  |  |  |  |
Original Borrowing Amount |  |  |  | $ 400,000 |
Carrying Value |  |  |  | $ 396,825 | $ 396,602
Interest Rate |  |  |  | 3.28% | 3.28%
Debt issuance rate |  | 99.77% |  |  |
Senior Notes 2052 |  |  |  |  |
DEBT |  |  |  |  |
Original Borrowing Amount |  |  |  | $ 500,000 |
Carrying Value |  |  |  | $ 484,002 | $ 483,802
Interest Rate |  |  |  | 3.77% | 3.77%
Debt issuance rate |  |  |  |  | 97.78%
Subordinated Notes 2051 |  |  |  |  |
DEBT |  |  |  |  |
Original Borrowing Amount |  |  |  | $ 450,000 |
Carrying Value |  |  |  | $ 444,849 | $ 444,757
Interest Rate |  |  |  | 4.13% | 4.13%
Interest rate | 4.125% |  |  |  |
Debt term | 5 years |  |  |  |
Subordinated Notes 2051 | US Treasury |  |  |  |  |
DEBT |  |  |  |  |
Interest rate | 3.237% |  |  |  |

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