E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers A > Headlines for Ares Capital Corp. > News item
Published on 5/23/2016 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P puts Ares Capital watch

S&P said it placed its ratings on Ares Capital Corp., including the BBB issuer credit rating, BBB senior unsecured ratings and BBB senior secured rating, on CreditWatch with negative implications.

The CreditWatch placement is based on the company’s announcement that it will acquire American Capital Ltd. (ACAS) for $3.4 billion (excluding American Capital Mortgage Management LLC). ARCC will pay $1.47 billion in cash and about $1.68 billion in stock.


© 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.