Ares Capital subsidiary gets $200 million three-year revolver

By Angela McDaniels

Tacoma, Wash., July 27 - Ares Capital Corp. subsidiary Ares Capital CP Funding Holdings II LLC has received a new $200 million revolving facility from Wachovia Bank, NA, according to an 8-K filing with the Securities and Exchange Commission.

The facility will mature on July 21, 2012 and has two one-year extension options.

Interest is Libor plus 400 basis points.

Ares Capital CP Funding LLC is guarantor for the facility.

The company received a commitment for the facility in May.

Ares Capital is a New York-based business development company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.