Ares Capital Corp. (ARCC) said Thursday announced a public offering of 16.65 million common shares. Ares Capital added that it granted underwriters an option to purchase an additional 2.49 million shares.
Ares Capital expects to use the net proceeds of the offering to repay certain outstanding indebtedness under its debt facilities and, to the extent not used for such purpose, for general corporate purposes, including investing in portfolio companies in accordance with its investment objective.
For the offering, BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and UBS Investment Bank are serving as joint book-running managers.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.