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Ares Capital ( (ARCC) ) has issued an update.
On May 11, 2026, Ares Capital Corporation issued $800 million of 5.550% unsecured notes due January 15, 2030, under a supplemental indenture with U.S. Bank Trust Company, National Association. The notes, which pay interest semiannually starting January 15, 2027 and are callable at Ares Capital’s option, include covenants tied to investment company leverage rules and a change-of-control repurchase provision if ratings fall below investment grade.
Ares Capital plans to use the net proceeds to repay borrowings under its credit facilities, with the potential to reborrow for general corporate purposes, including new investments in portfolio companies. The offering, priced under a May 4, 2026 purchase agreement with a syndicate of underwriters, closed on May 11, 2026, and is paired with an $800 million interest rate swap with JPMorgan Chase Bank converting the fixed 5.550% coupon into a floating SOFR-based rate through January 15, 2030.
The most recent analyst rating on (ARCC) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on Ares Capital stock, see the ARCC Stock Forecast page.
Spark’s Take on ARCC Stock
According to Spark, TipRanks’ AI Analyst, ARCC is a Outperform.
ARCC’s score is driven primarily by solid underlying financial performance (strong profitability and cash generation, despite leverage and cyclicality) and attractive valuation (low P/E and ~10% dividend yield). Earnings-call takeaways are constructive on liquidity and dividend stability but tempered by NAV/GAAP volatility and near-term origination headwinds. Technicals are neutral-to-soft, with the stock still below longer-term moving averages.
To see Spark’s full report on ARCC stock, click here.
More about Ares Capital
Ares Capital Corporation is a business development company focused on providing direct lending and other financing solutions to middle-market and private equity–backed businesses. The firm operates primarily in the U.S. credit markets, offering unsecured and secured debt instruments to support portfolio company investments and general corporate needs.
Average Trading Volume: 7,676,082
Technical Sentiment Signal: Hold
Current Market Cap: $13.65B
Find detailed analytics on ARCC stock on TipRanks’ Stock Analysis page.