Ares Capital announces stock offering

Nov. 07, 2022 4:23 PM ETAres Capital (ARCC)By: Jessica Kuruthukulangara, SA News Editor74 Comments
  • Ares Capital (NASDAQ:ARCC) said Monday it plans to make a public offering of 8M shares.
  • The firm plans to grant underwriters an option to buy up to an additional 1.2M shares.
  • Net proceeds will be used to repay certain outstanding indebtedness under its debt facilities.
  • Ares Capital (ARCC) may reborrow under its debt facilities for general corporate purposes.
  • Shares of the company dipped 2.9% after the bell.

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