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Prospect News home > News index > List of issuers A > Headlines for Ares Capital Corp. > News item
Published on 1/19/2011 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch to rate Ares notes BBB

Fitch Ratings said it expects to rate Ares Capital Corp.'s proposed issuance of convertible notes BBB.

The outlook is stable.

Proceeds from the convertibles are expected to be used to repay or repurchase existing borrowings and for general corporate purposes.

The convertibles will rank equally with Ares' existing debt, including the legacy Allied Capital Corp. notes and $200 million of 30-year retail notes issued in October.


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