Ares Capital Prices $800 Million Unsecured Notes Offering Due 2030

Key Facts

Ares Capital Corporation has officially priced an underwritten public offering of $800 million in aggregate principal amount of unsecured notes. These notes carry a fixed annual interest rate of 5.550% and are scheduled to mature on January 15, 2030. The company intends to utilize the net proceeds from this offering for general corporate purposes, which may include repaying outstanding indebtedness under its existing credit facilities. The offering is being led by a syndicate of major financial institutions, including BofA Securities, J.P. Morgan, and RBC Capital Markets. Under the terms of the agreement, the notes are redeemable at the company's option at par plus a make-whole premium. This issuance represents a standard liquidity management move for the Business Development Company (BDC) to optimize its capital structure.