Corporate ActionApr 28, 2026, 05:32 PM
ARCC Establishes $1.5B At-The-Market Equity Offering Program
AI Summary
Ares Capital Corporation has entered into a new Equity Distribution Agreement with Mizuho Securities USA LLC, replacing a prior agreement from February 5, 2025. This new agreement allows the company to offer and sell up to $1.5 billion in common stock through an at-the-market program. The company may also engage other sales agents for this offering, with the total aggregate offering price not exceeding the maximum amount.
Key Highlights
- Established new Equity Distribution Agreement with Mizuho Securities USA LLC.
- Authorized sale of up to $1,500,000,000 in common stock.
- Agreement supersedes and terminates the previous February 5, 2025 EDA.
- Sales can be made through Mizuho or other Alternative Managers.
- Company maintains Business Development Company (BDC) status under the 1940 Act.