Press Release

Kirkland Advises Ares Capital Corporation in Pricing of $650 Million Public Offering

Kirkland & Ellis advised Ares Capital Corporation (Nasdaq:ARCC) in the pricing of an underwritten public offering of $650 million in aggregate principal amount of 4.200% notes due 2024. The notes will mature on June 10, 2024, and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium, if applicable.

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The Kirkland team was led by transactional partners Monica Shilling and Christopher Wu, with associates Van Whiting, Yoona Kim, Anum Chaudhry and Zachary Glasser; and tax partners Michael Beinus and Meredith Levy, and associate Amanda Milhet.