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Prospect News home > News index > List of issuers A > Headlines for Ares Capital Corp. > News item |
S&P rates Ares Capital notes due 2027 BBB-
S&P said it assigned its BBB- debt rating to Ares Capital Corp. proposed senior notes due 2027.
The company expects to use the net proceeds to repay outstanding debt under the revolving credit facility ($1.9 billion aggregate principal amount outstanding as of July 19, 2023), the revolving funding facility ($850 million aggregate principal amount outstanding as of July 19, 2023), the SMBC funding facility ($401 million aggregate principal amount outstanding as of July 19, 2023) and/or the BNP funding facility ($475 million aggregate principal amount outstanding as of July 19, 2023).
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