trending Market Intelligence /marketintelligence/en/news-insights/trending/3oLnLFlwAg3TJh-9Vvvssw2 content esgSubNav
In This List

Ares Capital prices $350M of convertible notes due 2024

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition


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.