Ares Corporate Opportunities LP has acquired casual dining restaurant and wine club operator Cooper's Hawk Intermediate Holding LLC. The transaction will be partially funded with $225 million of debt. On Sept. 24, 2019, S&P Global Ratings assigned its 'B-' issuer credit rating to Cooper's Hawk and a 'B-' issue-level rating and '3' recovery rating to its proposed senior secured credit facilities, which include a $35 million revolver and a $225 million term loan. The stable outlook reflects our view that the company's expanding restaurant base will drive top line growth, with scale efficiencies leading to improving credit metrics over the next 12-24 months. S&P Global Ratings today took the rating actions listed above. Cooper's Hawk has demonstrated an effective business
