Fitch assigns Ares notes BBB

Fitch Ratings said it rated Ares Capital Corp.'s issuance of $125 million unsecured senior retail notes BBB.

The notes rank equally with all existing unsecured debt.

The agency stated that the retail notes mature in February 2022 and have a coupon of 7.0%.

Proceeds from the issuance will be used to repay outstanding debt under the revolving credit facility and for general corporate purposes, including the funding of new investments, Fitch said.

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