trending Market Intelligence /marketintelligence/en/news-insights/trending/3oLnLFlwAg3TJh-9Vvvssw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ares Capital prices $350M of convertible notes due 2024

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Ares Capital prices $350M of convertible notes due 2024

Ares Capital Corp. priced its $350 million of 4.625% convertible notes due 2024.

On or after Dec. 1, 2023, holders may convert their notes at an initial ratio of 50.2930 common shares per $1,000 of the aggregate principal. Ares Capital will pay in cash, common shares or a combination of both upon conversion.

The notes will mature on March 1, 2024, and interest payments will be made in arrears on March 1 and Sept. 1 of each year, with the first payment to be made on Sept. 1.