Ares Capital to redeem $300.58 million 6.625% notes due 2011

By Melissa Kory

Cleveland, Feb. 24 - Ares Capital Corp. said that it plans to redeem its $300,584,000 of 6.625% notes due 2011, according to an 8-K filed with the Securities and Exchange Commission.

The company expects the redemption to be completed on March 16.

The company assumed the notes in connection with its acquisition of Allied Capital Corp. in April 2010.

Ares is a New York-based private equity firm.

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