Ares Capital Prices $750M 5.25% Unsecured Notes Due 2031

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Ares Capital Corporation has priced a public offering of $750 million in aggregate principal amount of 5.250% unsecured notes due April 12, 2031. The notes may be redeemed in whole or in part at the company’s option at par plus a make-whole premium.

1. Ares Capital Schedules Q4 and Fiscal 2025 Earnings Release

Ares Capital Corporation has set the date for its fourth quarter and full-year 2025 earnings report on Wednesday, February 4, 2026, to be released before the opening of the Nasdaq Global Select Market. The company will host a webcast and conference call at 12:00 p.m. Eastern Time, providing investors with management commentary on operating results and portfolio performance. This announcement gives market participants ample time to prepare questions regarding asset quality trends, leverage ratios, and dividend coverage ahead of the call.

2. Dividend Yield Strengthens ARCC’s Passive Income Appeal

As the largest publicly traded business development company, Ares Capital oversees a $28.7 billion portfolio spanning 587 companies across 35 industries. With a forward dividend yield of approximately 9.4% and a track record of 65 consecutive quarters of maintained or increased distributions, a hypothetical $50,000 investment in ARCC would generate nearly $4,700 in annual passive income. The company’s diversified exposure to floating-rate and fixed-rate senior loans, middle-market debt and equity investments underpins management’s confidence in sustaining high payout levels throughout 2026.

3. $750 Million Unsecured Notes Offering Priced at 5.25%

On January 6, 2026, Ares Capital completed the pricing of an underwritten public offering of $750 million aggregate principal amount of unsecured notes due April 12, 2031, carrying a coupon of 5.25%. Proceeds from the issuance will be used to refinance existing debt and provide additional lending capacity for new and follow-on investments. The notes are callable at par plus a make-whole premium and were underwritten by a syndicate led by BofA Securities, J.P. Morgan Securities, RBC Capital Markets, SMBC Nikko and Wells Fargo Securities.

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BFA