Ares Capital prices $750M in unsecured notes due 2033

Ares Capital Corporation (Nasdaq: ARCC) has priced an underwritten public offering of $750 million in aggregate principal amount of 6.250% unsecured notes maturing September 15, 2033.

The notes may be redeemed in whole or in part at Ares Capital's option at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on September 15, 2026, subject to customary closing conditions.

Ares Capital said it expects to use the net proceeds to repay outstanding indebtedness under its debt facilities. The company may reborrow under those facilities for general corporate purposes, including investing in portfolio companies.

BofA Securities, J.P. Morgan Securities, RBC Capital Markets, SMBC Nikko Securities America, Wells Fargo Securities, Barclays Capital, CIBC World Markets, Mizuho Securities USA, MUFG Securities Americas, TD Securities, Truist Securities, and U.S. Bancorp Investments are acting as joint book-running managers for the offering.

Ares Capital is a business development company externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES).

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