trending Market Intelligence /marketintelligence/en/news-insights/trending/dOfr0qJtU8cc9AW2cez4Jg2 content esgSubNav
In This List

Ares Capital closes convertible notes offering

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


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.