Ares Capital Initiates and Terminates Key Equity Deals

Ares Capital (ARCC) has provided an announcement.

Ares Capital Corporation has entered into new equity distribution agreements with five sales agents, enabling the company to issue and sell up to $1 billion of its common stock. These transactions may occur on the market or through direct negotiations, with the sales agents receiving up to a 1.5% commission. While there is no obligation to sell the shares, the company’s actions will be influenced by market conditions and capital needs, and the agreements carry standard representations and termination rights. Previous agreements from February 2024 have been terminated in favor of these new arrangements.

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