Ares Capital Corporation Prices Public Offering

  Ares Capital Corporation Prices Public Offering

Business Wire

NEW YORK -- April 3, 2013

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced its
public offering of 16,650,000 shares of its common stock. Ares Capital has
granted the underwriters an option to purchase up to an additional 2,497,500
shares of common stock. The offering is subject to customary closing
conditions and is expected to close on April 8, 2013. The offering of the
shares is being made under Ares Capital’s shelf registration statement (as
amended), which was filed with, and declared effective by, the Securities and
Exchange Commission. On April 2, 2013, the official close price of Ares
Capital’s common stock on The NASDAQ Global Select Market under the symbol
“ARCC” was $18.02 per share.

Ares Capital expects to use the net proceeds of this offering to repay certain
outstanding indebtedness under its debt facilities and, to the extent not used
for such purpose, for general corporate purposes, which may include investing
in portfolio companies in accordance with its investment objective.

Investors are advised to carefully consider the investment objective, risks,
charges and expenses of Ares Capital before investing. The preliminary
prospectus supplement dated April 2, 2013 and the accompanying prospectus
dated August16, 2012, 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.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley and UBS Investment Bank are
acting as joint book-running managers for this offering. 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.

The information in the preliminary prospectus supplement, the accompanying
prospectus and this press release is not complete and may be changed. 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 state where such offer and
sale is not permitted.

The offering may be made only by means of a preliminary prospectus supplement
and an accompanying prospectus, copies of which may be obtained from BofA
Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department,
or e-mail dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attention: Prospectus Department, 866-803-9204; Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York, NY, 10014, Attn: Prospectus Department,
tel.: (866) 718-1649 or e-mail prospectus@morganstanley.com; or UBS Investment
Bank, Attn: Prospectus Department, 299 Park Avenue, New York, NY 10171, tel.:
(888) 827-7275.

ABOUT ARES CAPITAL CORPORATION

Ares Capital is a leading specialty finance company that provides one-stop
financing solutions to U.S. middle market companies and private equity
sponsors. The Company originates and invests in senior secured loans,
mezzanine debt and, to a lesser extent, equity investments through its
national direct origination platform. Ares Capital’s investment objective is
to generate both current income and capital appreciation through debt and
equity investments primarily in private companies. Ares Capital has elected to
be regulated as a business development company and is externally managed by a
wholly owned subsidiary of Ares Management LLC. Ares Management is a global
alternative asset manager and a SEC-registered investment adviser with
approximately $59 billion of committed capital under management as of
December31, 2012.

FORWARD-LOOKING STATEMENTS

Statements included herein may constitute “forward-looking statements,” which
relate to future events or our future performance or financial condition.
These statements are not guarantees of future performance, condition or
results and involve a number of risks and uncertainties. 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 our filings with the Securities and Exchange Commission. Ares Capital
Corporation undertakes no duty to update any forward-looking statements made
herein.

Contact:

Ares Capital Corporation
Carl G. Drake, 888-818-5298
 
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