ARES CAPITAL CORP (ARCC): debt financing — Ares Capital issues $300M additional 7.000% notes due 2027; proceeds to repay credit facilities

ARES CAPITAL CORP

Issued $300M of 7.000% notes due 2027; net proceeds ~$298.2M after $2.3M in expenses.
Notes are additional issuance under same indenture as $600M August 2023 notes; same CUSIP and terms.
Matures Jan 15, 2027; interest paid semi-annually at 7.000% starting Jan 15, 2024.
Proceeds to repay outstanding credit facility debt; may reborrow for general corporate purposes.
Underwriters include BofA Securities, J.P. Morgan, SMBC Nikko, and Wells Fargo.

item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ARES CAPITAL CORP incurred senior notes of $300 million at 7.000% maturing January 15, 2027.

Instrument: senior notes
Principal: $300 million
Rate: 7.000%
Maturity: January 15, 2027
Event: incurrence

Exact text from the filing

On November 17, 2023, Ares Capital Corporation (the “Company”) issued an additional $300 million aggregate principal amount of its 7.000% notes due 2027 (the “New 2027 Notes”)

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ARES CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-119533

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