Ares Capital Corporation’s $500 Million Notes Offering

Freshfields advised the underwriters on Ares Capital Corporation’s offering of $500 million aggregate principal amount of 2.875% Notes due 2027.

The underwriters were led by BofA Securities, J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC. Ares Capital is the largest public US business development company by market capitalization, with approximately $19.2 billion of total assets as of September 30, 2021.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating complementary, integrated investment groups that invest across the credit, private equity and real estate markets.

The Freshfields capital markets team consisted of partner and global co-head of capital markets Valerie Ford Jacob (Picture), partner Michael Levitt, counsel Jeremy Barr, senior associate Tracy Zhang and law clerks Fatima Anjum and Yunah Ko. Tax advice was provided by partner Robert Scarborough and senior associate David Mitchell.

 

Involved fees earner: Jeremy Barr – Freshfields Bruckhaus Deringer LLP; Valerie Jacob – Freshfields Bruckhaus Deringer LLP; Michael Levitt – Freshfields Bruckhaus Deringer LLP; David Mitchell – Freshfields Bruckhaus Deringer LLP; Robert Scarborough – Freshfields Bruckhaus Deringer LLP; Tracy Zhang – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Ares Capital Corporation ;

Giulia Di Palma

Author: Giulia Di Palma