Ares Capital Corporation raises $283.2 mln in public offering

Ares Capital Corporation, the business development company affiliate of Ares Management, has closed its public offering, raising about $283.2 million in total net proceeds from the sale of the 16,292,522 shares after deducting underwriting discounts and commissions and estimated offering expenses. Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities acted as joint book-running managers. Deutsche Bank Securities and Goldman Sachs acted as joint lead managers and Barclays, Credit Suisse Securities and Keefe, Bruyette & Woods acted as co-managers for the offering.

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