Ares Capital (ARCC) Prices 12.5M Share Offering

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 12,500,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,875,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on August 2, 2021. The offering of the shares is being made under Ares Capital’s shelf registration statement filed with the Securities and Exchange Commission on June 3, 2021, which became effective automatically upon filing. On July 28, 2021, the official close price of Ares Capital’s common stock on The NASDAQ Global Select Market under the symbol “ARCC” was $20.38 per share.

Morgan Stanley & Co. LLC, BofA Securities and Wells Fargo Securities are acting as joint lead book-running managers for this offering. Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets, LLC, UBS Investment Bank, Keefe Bruyette & Woods and Raymond James & Associates, Inc. are acting as joint book-running managers for this offering. Compass Point Research & Trading, LLC, Janney Montgomery Scott LLC, JMP Securities LLC and Oppenheimer & Co. are acting as co-managers for this offering.

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