logo
  

Ares Capital Prices Public Offering Of 10 Mln Shares

Ares Capital Corp. (ARCC) said that it has priced a public offering of 10 million shares of its common stock.

Ares Capital has granted the underwriters an option to purchase up to an additional 1.50 million shares of common stock.

The offering is expected to close on January 18, 2022. On January 12, 2022, the official close price of Ares Capital's common stock on The NASDAQ Global Select Market under the symbol "ARCC" was $22.05 per share.

Ares Capital expects to use the net proceeds of the offering to repay certain outstanding indebtedness under its credit facilities. Ares Capital may reborrow under its credit facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT