Ares Capital Corporation has priced an underwritten public offering of $750 million in aggregate principal amount of 6.250% notes set to mature on September 15, 2033. The offering was announced on September 8, 2026, and is expected to close around September 15, 2026, subject to customary closing conditions.
The company intends to use the net proceeds from this offering primarily to repay outstanding indebtedness under its existing debt facilities. Following the repayment, Ares Capital may reborrow under these facilities for general corporate purposes, which includes making investments in portfolio companies in line with its investment objectives. This move is part of the company's broader strategy to manage its capital structure and fund its investment activities.