<SEC-DOCUMENT>0001104659-21-020257.txt : 20210211
<SEC-HEADER>0001104659-21-020257.hdr.sgml : 20210211
<ACCEPTANCE-DATETIME>20210211080024
ACCESSION NUMBER:		0001104659-21-020257
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210211
DATE AS OF CHANGE:		20210211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL CORP
		CENTRAL INDEX KEY:			0001287750
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-248831
		FILM NUMBER:		21616792

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		2127507300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>a21-6172_3497ad.htm
<DESCRIPTION>497AD
<TEXT>


<html>
<head>



  </head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Filed pursuant to Rule 497(a)</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Registration No. 333-248831</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Rule 482ad</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="112" height="39" src="g61723bgi001.jpg"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARES CAPITAL CORPORATION PRICES PUBLIC OFFERING</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New York, NY&#151;February 11, 2021&#151;Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 13,500,000 shares of its common stock.&#160; Ares Capital has granted the underwriters an option to purchase up to an additional 2,025,000 shares of common stock.&#160; The offering is subject to customary closing conditions and is expected to close on February 16, 2021.&#160; The offering of the shares is being made under Ares Capital&#146;s shelf registration statement filed with the Securities and Exchange Commission on September 16, 2020, which became effective automatically upon filing.&#160; On February 10, 2021, the official close price of Ares Capital&#146;s common stock on The NASDAQ Global Select Market under the symbol &#147;ARCC&#148; was $18.50 per share.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">BofA Securities, Inc., Morgan Stanley &amp; Co. LLC and Wells Fargo Securities LLC are acting as joint book-running managers for this offering.</font>&#160; The underwriters may offer the shares of common stock from time to time for sale in one or more transactions on The NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its credit facilities. Ares Capital may reborrow under its credit facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing.&#160; The preliminary prospectus supplement dated February 10, 2021 and the accompanying prospectus dated September 16, 2020, which have been filed with the Securities and Exchange Commission, contain this and other information about Ares Capital and should be read carefully before investing.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.&#160; The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of Ares Capital and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted</font></b>.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus. Copies of the preliminary prospectus supplement (and accompanying prospectus) may be obtained from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by calling 1-800-294-1322, or email dg.prospectus_requests@bofa.com; Morgan Stanley &amp; Co. LLC, 180 Varick Street, 2</font></b><b><font style="font-weight:bold;">nd</font> Floor, New York, NY 10014, Attn: Prospectus Department; or Wells Fargo Securities at 500 West 33rd Street, New York, New York, 10001, Attn: Equity Syndicate Department, by calling toll free 1-800-326-5897, or by e-mail at cmclientsupport@wellsfargo.com.</b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ABOUT ARES CAPITAL CORPORATION</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital&#146;s objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often leads to economic growth and employment. Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company (&#147;BDC&#148;) and is the largest BDC by market capitalization as of December 31, 2020. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105924\21-6172-3\task10173704\6172-3-bg.htm',USER='105924',CD='Feb 11 08:45 2021' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORWARD-LOOKING STATEMENTS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Statements included herein may constitute &#147;forward-looking statements,&#148; which relate to future events or Ares Capital&#146;s future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on Ares Capital&#146;s business, Ares Capital&#146;s portfolio companies, Ares Capital&#146;s industry and the global economy. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares Capital&#146;s filings with the Securities and Exchange Commission. Ares Capital undertakes no duty to update any forward-looking statements made herein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INVESTOR RELATIONS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ares Capital Corporation</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Carl G. Drake or John Stilmar<br> 888-818-5298</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">irarcc@aresmgmt.com</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105924\21-6172-3\task10173704\6172-3-bg.htm',USER='105924',CD='Feb 11 08:45 2021' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g61723bgi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g61723bgi001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1"  G ' # 2(  A$! Q$!_\0
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#/__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
