Ares Capital prices $800 million bond offering due 2030

Ares Capital Corporation (NASDAQ: ARCC) announced it has priced an underwritten public offering of $800 million in 5.550% unsecured notes due 2030. The notes will mature on January 15, 2030 and may be redeemed at the company's option at any time at par plus a make-whole premium.

The offering involves multiple underwriters, with BofA Securities, J.P. Morgan Securities, RBC Capital Markets, SMBC Nikko Securities America, Truist Securities, and Wells Fargo Securities serving as joint book-running managers. The offering is expected to close on May 11, 2026, subject to customary closing conditions.

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

Founded in 2004, Ares Capital is a specialty finance company that provides direct loans and other investments in private middle market companies in the United States. The company has elected to be regulated as a business development company and operates as a publicly traded BDC. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES).

The information is based on a company press release statement.

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