Ares Capital to sell add-on to 2.15% notes due 2026

By Rebecca Melvin

New York, Feb. 23 – Ares Capital Corp. is offering an add-on to its 2.15% notes due July 15, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The company sold $650 million of the 2.15% notes on Jan. 13.

The notes are callable and are being sold via BofA Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America Inc. and Wells Fargo Securities LLC as the bookrunners.

The proceeds of the notes are earmarked for general corporate purposes, including investing in portfolio companies in accordance with its investment objective.

The specialty finance company is based in New York.

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