Ares Capital Corporation Announces Public Offering | National company

NEW YORK – (BUSINESS WIRE) – January 12, 2022–

Ares Capital Corporation (Nasdaq: ARCC) has announced its intention to make a public offering of 10,000,000 common shares. Ares Capital also plans to grant the underwriters an option to purchase up to 1,500,000 additional common shares. The offering of the shares will be made pursuant to Ares Capital’s registration statement filed with the Securities and Exchange Commission on June 3, 2021, which became effective automatically upon filing.

Morgan Stanley & Co. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC and Wells Fargo Securities are acting as co-book managers for this offering. Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are acting as co-book managers for this offering. Goldman Sachs & Co. LLC, Janney Montgomery Scott LLC, JP Morgan and Oppenheimer & Co. Inc. are acting as co-managers for this offering.

Ares Capital expects to use the net proceeds of this offering to repay certain unpaid debts under its credit facilities. Ares Capital may re-borrow under its credit facilities for general corporate purposes, including by investing in holding companies in accordance with its investment objective.

Investors are urged to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing. The preliminary prospectus supplement dated January 12, 2022 and the accompanying prospectus dated June 3, 2021, which have been filed with the Securities and Exchange Commission, contain this and other information about Ares Capital and should be read carefully before to invest.

The information contained in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and is subject to change. The preliminary prospectus supplement, the accompanying prospectus and this press release do not constitute offers to sell Ares Capital securities and do not solicit an offer to buy such securities in any jurisdiction where such an offer and sale are not allowed.

The offer may only be made by means of a preliminary prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement (and accompanying prospectus) can be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn .: Prospectus Department, or by email [email protected]; UBS Securities LLC, 1285 Avenue of the Americas, New York, New York, 10019, Attn: Prospectus Department, by phone at (888) 827-7275, or by email: [email protected]; RBC Capital Markets, LLC at 200 Vesey Street, 8th Floor, New York, New York, 10281, Attn: Prospectus Department, or by phone at (877) 822-4089; or Wells Fargo Securities at 500 West 33rd Street, New York, New York, 10001, Attn .: Equity Syndicate Department, by calling toll free 1-800-326-5897, or by emailing cmclientsupport @ wellsfargo .com.

ABOUT ARES CAPITAL CORPORATION

Founded in 2004, Ares Capital is a leading specialty finance company specializing in direct loans and other investments to private mid-market companies in the United States. Ares Capital’s goal is to find and invest in high quality borrowers who need capital to achieve their business goals, which often leads to economic growth and jobs. Ares Capital believes that its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, uses its extensive direct origination capabilities and its relationships with historical borrowers to seek and subscribe primarily to senior secured loans, but also subordinated debt and investments in debt. actions. Ares Capital has elected to be regulated as a Business Development Company (“BDC”) and is the largest publicly traded BDC by market capitalization as of December 31, 2021. Ares Capital is managed externally by a subsidiary of Ares Management Corporation (NYSE: ARES), one of the world’s leading publicly traded alternative investment managers.

FORWARD-LOOKING STATEMENTS

Statements included in this document may constitute “forward-looking statements”, which relate to future events or to the future performance or financial condition of Ares Capital. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic and related changes in interest rates from base and significant market volatility on the activities of Ares Capital, the Ares Capital portfolio companies. , Ares Capital’s industry and the global economy. Actual results and conditions may differ materially from forward-looking statements due to a number of factors, including those described from time to time in documents filed by Ares Capital with the Securities and Exchange Commission. Ares Capital does not undertake to update the forward-looking statements contained in this document.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220112005926/en/

CONTACT: INVESTOR RELATIONS Ares Capital Corporation

Carl G. Drake or John Stilmar

888-818-5298

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: Ares Capital Corporation

Copyright Business Wire 2022.

PUB: 12/01/2022 16:09 / DISC: 12/01/2022 16:09

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