Ares planning add-on to 3.875% senior notes due 2020

By Aleesia Forni

Virginia Beach, Jan. 23 – Ares Capital Corp. is planning to price an add-on to its existing 3.875% senior notes due Jan. 15, 2020, according to a 497 filed with the Securities and Exchange Commission.

The bookrunners are BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

Proceeds will be used to repay debt and for general corporate purposes.

The original $400 million offering of notes sold with a spread of 235 basis points over Treasuries on Nov. 18.

The alternative asset management firm is based in Los Angeles.

© 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.