Ares Capital Prices $750 Million Unsecured Notes Offering

Key Facts

In a move reflecting the strategy of business development companies to secure long-term liquidity, Ares Capital Corporation has priced a public offering of unsecured notes totaling $750 million. According to reports, these notes carry an annual coupon rate of 6.250% and are scheduled to mature in September 2033. The offering is expected to close on September 15, 2026, subject to customary closing conditions.

Ares Capital stood as the largest publicly traded business development company (BDC) by market capitalization as of mid-2026, and this issuance is part of its standard corporate financing activities. Under the terms of the offering, the company maintains the option to redeem the notes in whole or in part at any time at par plus a specified premium, providing flexibility in managing its financial obligations per market data regarding the company's debt structure.

Regarding market performance, updated price levels for ARCC were unavailable at the close of September 8, 2026, shifting focus toward the successful closing of the offering next week. On the macroeconomic front, traders are monitoring the recent release of the Federal Reserve's Beige Book, which may provide deeper insights into credit conditions and borrowing costs for financial firms in the United States.