Ares Capital Corporation Announces Public Offering
Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 12,500,000 shares of its common stock.
- Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 12,500,000 shares of its common stock.
- Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
- Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors.
- Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative asset manager.