Ares Capital Corporation Prices Public Offering of $650 Million 5.100% Unsecured Notes Due 2031
(NASDAQ:ARCC) NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $650 million in aggregate principal amount of 5.100% notes due 2031. The notes will mature on January 15, 2031 and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium, if applicable. BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., Wells Fargo Sec
Related Questions
How will the $650 million note issuance affect Ares Capital's leverage ratios and overall credit profile?
Is the 5.10% coupon competitive relative to current market yields for similarly rated senior unsecured notes, and what does it signal about investor demand?
What are the specific make‑whole redemption terms, and how could they impact Ares Capital's future cash‑flow and refinancing risk?