Daily News: August 23, 2012

Ares Capital Closes Public Offering of Common Stock


Ares Capital Corporation announced that it has closed its public offering of 25,875,000 shares of its common stock (including 3,375,000 shares pursuant to the exercise in full by the underwriters of their option to purchase additional shares), raising approximately $427.4 million in net proceeds after deducting underwriting discounts and commissions and estimated offering expenses.

BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as joint bookrunning managers for this offering. Goldman, Sachs & Co., J.P. Morgan and UBS Investment Bank acted as joint lead managers and RBC Capital Markets and Stifel Nicolaus Weisel acted as co-managers for this offering.

Ares Capital is a specialty finance company that provides one-stop financing solutions to U.S. middle-market companies and private equity sponsors.

Previously on abfjournal.com:

Ares Capital Announces Public Offering, Friday, August 17, 2012