trending Market Intelligence /marketintelligence/en/news-insights/trending/dOfr0qJtU8cc9AW2cez4Jg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ares Capital closes convertible notes offering

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Ares Capital closes convertible notes offering

Ares Capital Corp. closed its offering of $350 million of 3.75% convertible notes due Feb. 1, 2022, generating net proceeds of about $341.8 million.

The company also granted the initial purchasers the option to buy up to an additional $52.5 million of the notes. The company expects to use the net proceeds from the private offering to pay back certain outstanding debt under its debt facilities.