Benzinga | Jan 13, 2022 11:43AM EST

Ares Capital Corporation Priced Public Offering of 10M Shares of Common Stock

Ares Capital Corporation (NASDAQ:ARCC) announced that it has priced a public offering of 10,000,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on January 18, 2022. The offering of the shares is being made under Ares Capital's shelf registration statement filed with the Securities and Exchange Commission on June 3, 2021, which became effective automatically upon filing. On January 12, 2022, the official close price of Ares Capital's common stock on The NASDAQ Global Select Market under the symbol "ARCC" was $22.05 per share.

Morgan Stanley & Co. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC and Wells Fargo Securities are acting as joint lead book-running managers for this offering. Keefe Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are acting as joint book-running managers for this offering. Goldman Sachs & Co. LLC, Janney Montgomery Scott LLC, J.P. Morgan, Oppenheimer & Co. Inc., Academy Securities, Inc., Compass Point Research & Trading, LLC, Loop Capital Markets, Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC and R. Seelaus & Co., LLC are acting as co-managers for this offering.