trending Market Intelligence /marketintelligence/en/news-insights/trending/RI8txHX3ym9VRYLVcYb2WQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ares Capital files for notes offering

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Ares Capital files for notes offering

Ares Capital Corp. on Aug. 4 filed a prospectus supplement relating to an offering of an undetermined amount of notes.

Holders of the notes can require the company to repurchase the notes at 100% of their principal amount upon the occurrence of a change-of-control repurchase event. The notes will be the direct senior unsecured obligations of the company and rank equally with all outstanding and future unsecured unsubordinated debt issued by the company.

Ares Capital plans to use the net proceeds of the offering to repay or repurchase outstanding debt, and for general corporate purposes.

Merrill Lynch Pierce Fenner & Smith Inc., J.P. Morgan Securities, SunTrust Robinson Humphrey Inc. and RBC Capital Markets LLC are the underwriters for the offering.