Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
January 12 2023 - 04:16PM
Edgar (US Regulatory)
Filed pursuant to Rule
497(a)
Registration No.
333-256733
Rule 482a

ARES CAPITAL CORPORATION ANNOUNCES PUBLIC OFFERING
New York, NY—January 12, 2023—Ares Capital Corporation (Nasdaq:
ARCC) announced that it plans to make a public offering of
9,000,000 shares of its common stock. Ares Capital also plans
to grant the underwriters an option to purchase up to an additional
1,350,000 shares of common stock. The offering of the shares
will be 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.
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, A Stifel Company, 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
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 outstanding indebtedness under its debt facilities.
Ares Capital may reborrow under its debt facilities for general
corporate purposes, which include investing in portfolio companies
in accordance with its investment objective.
Investors are advised to carefully consider the investment
objective, risks, charges and expenses of Ares Capital before
investing. The preliminary prospectus supplement dated January 12,
2023 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 investing.
The information in the preliminary prospectus supplement, the
accompanying prospectus and this press release is not complete and
may be changed. The preliminary prospectus supplement, the
accompanying prospectus and this press release are not offers to
sell any securities of Ares Capital and are not soliciting an offer
to buy such securities in any jurisdiction where such offer and
sale is not permitted.
The offering may be made only by means of a preliminary
prospectus supplement and an accompanying prospectus. Copies of the
preliminary prospectus supplement (and accompanying prospectus) may
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 email
dg.prospectus_requests@bofa.com; UBS Securities LLC at 1285 Avenue
of the Americas, New York, New York, 10019, Attn: Prospectus
Department, by telephone at (888) 827-7275, or by email:
ol-prospectus-request@ubs.com; RBC Capital Markets, LLC at 200
Vesey Street, 8th Floor, New York, New York, 10281, Attn:
Prospectus Department, or by telephone 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 e-mail at
cmclientsupport@wellsfargo.com.
About Ares Capital
Corporation
Founded in 2004, Ares Capital is a leading specialty finance
company focused on providing direct loans and other investments in
private middle market companies in the United States. Ares
Capital’s objective is to source and invest in high-quality
borrowers that need capital to achieve their business goals, which
often leads to economic growth and employment. Ares Capital
believes 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, utilizes its extensive, direct origination capabilities
and incumbent borrower relationships to source and underwrite
predominantly senior secured loans but also subordinated debt and
equity investments. 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, 2022. Ares
Capital is externally managed by a subsidiary of Ares Management
Corporation (NYSE: ARES), a publicly traded, leading global
alternative investment manager.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute “forward-looking
statements,” which relate to future events or Ares Capital’s future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results and conditions
may differ materially from those in the forward-looking statements
as a result of a number of factors, including those described from
time to time in Ares Capital’s filings with the Securities and
Exchange Commission. Ares Capital undertakes no duty to update any
forward-looking statements made herein.
INVESTOR RELATIONS
Ares Capital Corporation
Carl G. Drake or John Stilmar
888-818-5298
irarcc@aresmgmt.com
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