Ares Capital (ARCC) said late Tuesday it priced a $750 million public offering of 2030 unsecured notes bearing an interest rate of 5.5%.
The company plans to use the net proceeds to repay debt. It might also reborrow from its debt facilities for general corporate purposes, according to a statement.
The offering is expected to close on June 3, subject to customary closing conditions, the company said.
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