Submission |
Oct. 09, 2024 |
|---|---|
| Submission [Line Items] | |
| Central Index Key | 0001176948 |
| Registrant Name | Ares Management Corp |
| Registration File Number | 333-270053 |
| Form Type | S-3 |
| Submission Type | 424B5 |
| Fee Exhibit Type | EX-FILING FEES |
Offerings |
Oct. 09, 2024
USD ($)
|
|---|---|
| Offering: 1 | |
| Offering: | |
| Fee Previously Paid | false |
| Rule 457(o) | true |
| Security Type | Equity |
| Security Class Title | 6.75% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share |
| Proposed Maximum Offering Price per Unit | 50.00 |
| Maximum Aggregate Offering Price | $ 1,500,000,000.00 |
| Fee Rate | 0.01531% |
| Amount of Registration Fee | $ 229,650.00 |
| Offering Note | Represents up to 30,000,000 shares of the Registrant's 6.75% Series B Mandatory Convertible Preferred Stock, $0.01 par value per share, (the "Mandatory Convertible Preferred Stock"), including 3,000,000 shares issuable upon exercise of the underwriters' option to purchase additional shares of Mandatory Convertible Preferred Stock from the registrant solely to cover over-allotments, if any. The fee payable in connection with the offering relating to this exhibit has been calculated pursuant to Rule 457(r) under the Securities Act of 1933, as amended, (the "Securities Act) and paid in accordance with Rule 456(b) under the Securities Act.. |
| Offering: 2 | |
| Offering: | |
| Fee Previously Paid | false |
| Other Rule | true |
| Security Type | Equity |
| Security Class Title | Class A Common Stock, $0.01 par value per share |
| Fee Rate | 0.01531% |
| Amount of Registration Fee | $ 0.00 |
| Offering Note | Includes (i) 9,780,000 shares of the Registrant's Class A common stock, $0.01 par value per share, (the "Common Stock") issuable upon conversion of 30,000,000 shares of Mandatory Convertible Preferred Stock at the initial maximum conversion rate of .3260 shares of Common Stock per share of Mandatory Convertible Preferred Stock; and (ii) up to 15,391,377 shares of Common Stock issuable upon conversion of 30,000,000 shares of Mandatory Convertible Preferred Stock on account of unpaid dividends, based on the initial floor price of $53.68 per share of Common Stock, as described in the prospectus supplement relating to the registration statement to which this exhibit is attached. Under Rule 416, the number of shares of Common Stock whose offer and sale are registered hereby includes an indeterminate number of shares of Common Stock that may be issued in connection with stock splits, stock dividends, or similar transactions. Additionally, under Rule 457(i), there is no additional filing fee payable with respect to the shares of Common Stock issuable upon conversion of the Mandatory Convertible Preferred Stock because no additional consideration will be received in connection with the exercise of the conversion privilege or upon mandatory conversion. |
Fees Summary |
Oct. 09, 2024
USD ($)
|
|---|---|
| Fees Summary [Line Items] | |
| Total Offering | $ 1,500,000,000.00 |
| Previously Paid Amount | 0.00 |
| Total Fee Amount | 229,650.00 |
| Total Offset Amount | $ 0.00 |
| Narrative Disclosure | The prospectus supplement to which this exhibit is attached is a final prospectus supplement for the related offering of Mandatory Convertible Preferred Stock. The maximum aggregate offering price of that offering is $1,500,000,000.00. |
| Net Fee | $ 229,650.00 |
| Narrative - Max Aggregate Offering Price | $ 1,500,000,000.00 |
| Final Prospectus | true |