other material
confidence high
sentiment neutral
materiality 0.60
Ares Capital files $1B common stock ATM program with 5 agents; prior agreements terminated
ARES CAPITAL CORP
- Entered equity distribution agreements with Truist, Jefferies, Mizuho, RBC and Regions for up to $1,000,000,000 in common stock.
- Sales agents will receive up to 1.5% commission on gross sales price; sales may be 'at the market' or negotiated.
- Prior distribution agreements from April and July 2023 with Truist, Regions, Jefferies and Mizuho terminated.
- Prospectus supplement filed; company has no obligation to sell and may suspend at any time.