Ares Capital Corporation priced an underwritten public offering of $750 million in aggregate principal amount of 6.250% notes due September 15, 2033. The notes may be redeemed in whole or in part at the company’s option at par plus a make-whole premium, if applicable. The offering is expected to close on September 15, 2026, subject to customary closing conditions. Ares Capital plans to use the net proceeds to repay certain outstanding indebtedness under its debt facilities and may reborrow under those facilities for general corporate purposes, including investments in portfolio companies. Founded in 2004, Ares Capital is a publicly traded business development company, or BDC (a vehicle that lends to and invests in private companies), focused on U.S. private middle-market businesses. It was the largest publicly traded BDC by market capitalization as of June 30, 2026, and is externally managed by a subsidiary of Ares Management Corporation.