Ares Capital Corporation Announces Private Offering of Unsecured Convertible Senior Notes
Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a private offering of $200 million aggregate principal amount of its Convertible Senior Notes due 2018. Ares Capital also plans to grant the initial purchasers an option to purchase up to an additional $30 million principal amount of the Convertible Senior Notes to cover overallotments, if any. The Convertible Senior Notes will be offered only to qualified institutional buyers (as defined in the Securities Act of 1933, as amended (the “Securities Act”)) pursuant to Rule 144A under the Securities Act.
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