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Convertibles Calendar: Ares Capital to price
MARCH 8
ARES CAPITAL CORP. (Nasdaq: ARCC): $150 million of five-year convertible notes; after the market close Thursday; talked 4.375%-4.875%, up 17.5%-20%; $22.5 million greenshoe; via joint bookrunners J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Wells Fargo Securities LLC and Morgan Stanley & Co. LLC; non-callable for life; no puts; dividend and takeover protection; contingent conversion at 130%; proceeds to repurchase outstanding debt; New York-based private equity firm.
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