Ares Capital Corporation Announces Private Offering of Unsecured Convertible Senior Notes

by Benzinga Staff
March 8, 2012 7:50 AM | 24 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make aprivate offering of $150 million aggregate principal amount of its ConvertibleSenior Notes due 2017. Ares Capital also plans to grant the initial purchasersan option to purchase up to an additional $22.5 million principal amount ofthe Convertible Senior Notes to cover overallotments, if any. The ConvertibleSenior Notes will be offered only to qualified institutional buyers (asdefined in the Securities Act of 1933, as amendedpursuant to Rule 144A under the Securities Act.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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