Ares Capital Corporation issued $750 million in aggregate principal amount of 6.250% senior notes due September 15, 2033. The company entered into a Seventh Supplemental Indenture with U.S. Bank Trust Company and an interest rate swap with JPMorgan Chase Bank to convert the fixed-rate debt exposure to floating rates based on three-month SOFR plus 1.85250%. Net proceeds are intended to repay outstanding indebtedness under credit facilities. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies.
