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Ares Capital Corporation
Ares Capital Corporation Prices Public Offering
September 5th, 2009
Ares Capital Corporation (Nasdaq: ARCC) announced that it has entered into an agreement to sell 11,000,000 shares of common stock at a public offering price of $9.25 per share, raising approximately $101,750,000 in gross proceeds. J.P. Morgan Securities Inc., Citi, UBS Investment Bank and Wells Fargo Securities, LLC are acting as joint bookrunners for the offering, and SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers.
The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on August 19, 2009. Ares Capital Corporation has also...
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Source: VerticalNews Investment (2009-09-05)