$650M Ares Capital (NASDAQ: ARCC) bond issue targets 2031 maturity

Rhea-AI Filing Summary

Ares Capital Corporation is launching a SEC-registered senior unsecured bond offering of $650 million with an initial price talk of Treasury plus 160 basis points. The notes are a long 5-year tenor, maturing on January 15, 2031, with a fixed coupon and settlement expected on September 9, 2025.

The notes are rated Baa2/BBB/BBB (Moody’s/S&P/Fitch) with stable or positive outlooks as indicated. The company plans to use the proceeds to repay outstanding indebtedness. The deal is led by a group of major banks as active bookrunners, and the securities are being offered under an effective shelf registration statement through a preliminary prospectus supplement and accompanying prospectus.

Filed pursuant to Rule 497(a)

Registration No. 333-279023

Rule 482ad

[TEXT OF COMMUNICATION SENT VIA BLOOMBERG]

Launch: Ares Capital Corporation

Launch: $650 million at T+160 bps

Issuer: Ares Capital Corporation

Format: SEC Registered - Senior Unsecured

Ratings*: Baa2/BBB/BBB (Stable/Stable/Positive) (Moody’s/S&P/Fitch)

Size: USD Benchmark                  

Tenor: Long 5 Year

Maturity: January 15, 2031

Change of Control: Yes, 100% (See Red)

Active Bookrunners: BofA (B&D) / JPM / RBC / SMBC / WFS
IPTs: T+160 bps area

Coupon: Fixed

UOP: Repay outstanding indebtedness

Denominations: $2000 x $1000

Optional Redemption: Make-Whole; One Month Par Call

Settlement: T+5 (September 9, 2025)

Timing: Today’s Business

Sales into Canada: Yes, exemption

Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital Corporation before investing. The preliminary prospectus supplement dated September 2, 2025, together with an accompanying prospectus dated May 1, 2024, which have been filed with the Securities and Exchange Commission, contain this and other information about Ares Capital Corporation and should be read carefully before investing.

The information in the preliminary prospectus supplement and the accompanying prospectus, and in this announcement, is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this announcement are not offers to sell any securities of Ares Capital Corporation and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted.

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

A shelf registration statement relating to these securities is on file with the Securities and Exchange Commission and has become effective. 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 BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by calling 1-800-294-1322, or email dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk, 212-834-4533; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, NY 10281, by toll-free telephone at 1-866-375-6829 or email rbcnyfixedincomeprospectus@rbccm.com; SMBC Nikko Securities America, Inc. at 277 Park Avenue, New York, New York 10172, Attn: Debt Capital Markets, 1-212-224-5135; or Wells Fargo Securities, LLC at 1-800-645-3751.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AFTER THIS MESSAGE ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

FAQ

What type of securities is Ares Capital Corporation (ARCC) offering?

Ares Capital Corporation is offering SEC-registered senior unsecured notes with a long 5-year tenor, maturing on January 15, 2031.

What is the size of Ares Capital Corporation's new bond offering?

The launch size is $650 million, described as a USD benchmark senior unsecured bond issue.

What are the expected pricing terms for the new Ares Capital (ARCC) notes?

The communication indicates launch at Treasury plus 160 basis points, with initial price talk in the T+160 bps area, and a fixed coupon.

How will Ares Capital Corporation use the proceeds from this bond offering?

The stated use of proceeds is to repay outstanding indebtedness, meaning the company intends to pay down existing debt.

What credit ratings do the new Ares Capital notes have?

The notes are indicated as rated Baa2 by Moody’s, BBB by S&P, and BBB by Fitch, with Stable/Stable/Positive outlooks, respectively.

When is settlement expected for the Ares Capital bond issue?

Settlement is indicated as T+5, with the expected settlement date given as September 9, 2025.

Where can investors find more information about the Ares Capital (ARCC) offering?

More information is available in the preliminary prospectus supplement dated September 2, 2025 and the accompanying prospectus dated May 1, 2024, which have been filed with the SEC and are available from the listed bookrunning managers.