NEW YORK--(BUSINESS WIRE)--
Ares Capital Corporation (Nasdaq: ARCC) announced today that it has
closed its public offering of 25,875,000 shares of its common stock
(including 3,375,000 shares pursuant to the exercise in full by the
underwriters of their option to purchase additional shares), raising
approximately $427.4 million in net proceeds after deducting
underwriting discounts and commissions and estimated offering expenses.
BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as
joint book-running managers for this offering. Goldman, Sachs & Co.,
J.P. Morgan and UBS Investment Bank acted as joint lead managers and RBC
Capital Markets and Stifel Nicolaus Weisel acted as co-managers for this
offering.
Ares Capital expects to use the net proceeds of this offering to repay
certain outstanding indebtedness under its debt facilities and, to the
extent not applied for such purposes, for general corporate purposes,
which may include investing in portfolio companies in accordance with
its investment objective.
ABOUT ARES CAPITAL CORPORATION
Ares Capital is a leading specialty finance company that provides
one-stop financing solutions to U.S. middle market companies and private
equity sponsors. The Company originates and invests in senior secured
loans, mezzanine debt and, to a lesser extent, equity investments
through its national direct origination platform. Ares Capital’s
investment objective is to generate both current income and capital
appreciation through debt and equity investments primarily in private
companies. Ares Capital has elected to be regulated as a business
development company, and is externally managed by a wholly owned
subsidiary of Ares Management LLC. Ares Management is a global
alternative asset manager and a SEC-registered investment adviser with
approximately $54 billion of committed capital under management as of
June 30, 2012. For more information, visit www.arescapitalcorp.com.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute “forward-looking statements,”
which relate to future events or our future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in our filings with the Securities and Exchange
Commission. Ares Capital undertakes no duty to update any
forward-looking statements made herein.
Ares Capital Corporation
Carl Drake, 404-814-5204
Source: Ares Capital Corporation