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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Jul. 29, 6:40 AM

Slide #25. Ares Capital Corporation Secondary Offering

Company: Ares Capital Corporation (NASDAQ:ARCC)
Date announced: 7/15/2014
Shares Offered: 13,500,000
Date of Pricing: 7/16/2014
Price Per Share: $16.99
Secondary Offering Details: Ares Capital Corporation (NASDAQ:ARCC) announced that it plans to make a public offering of 11,850,000 shares of its common stock. Ares Capital also plans to grant the underwriters an option to purchase up to an additional 1,777,500 shares of common stock. The offering of the shares will be made under Ares Capital's shelf registration statement (as amended), which was filed with, and declared effective by, the Securities and Exchange Commission.

Ares Capital is a finance company that is a closed-end, non-diversified management investment company. Co. invests mainly in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component. First and second lien senior loans generally are senior debt instruments that rank ahead of subordinated debt of a given portfolio company. Mezzanine debt is subordinated to senior loans and is generally unsecured. The first and second lien senior loans generally have stated terms of three to 10 years and mezzanine debt investments generally have stated terms of up to 10 years. Co. is externally managed by its investment adviser, Ares Capital Management LLC.
Open the ARCC Page at The Online Investor »

Company Name:  Ares Capital Corp
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding ARCC:  3
Total Market Value Held by ETFs:  $34.58M
Total Market Capitalization:  $5.11B
% of Market Cap. Held by ETFs:  0.68%

Open the ARCC Page at The Online Investor (in a new window) »

July 29, 2014    6:40 AM Eastern
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Buy (3.27 out of 4)
61st percentile
(ranked higher than approx. 61% of all stocks covered)
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