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Freshfields Advises on Ares Capital Corporation’s Offering of Common Stock

Freshfields has acted as underwriters’ counsel for Ares Capital Corporation’s (ARCC) offering of 12.075 million shares of Common Stock, which raised net proceeds of approximately $223.4 million for ARCC. The syndicate was led by Morgan Stanley & Co. LLC, BofA Securities, Inc. and UBS Securities LLC. ARCC is the largest public US business development company by market capitalization, with approximately $22.0 billion of total assets as of September 30, 2022.

The Freshfields team consisted of Partner and Global Co-Head of Capital Markets Valerie Ford Jacob, Partner Michael Levitt, Counsel Jeremy Barr, Senior Associate Tracy Zhang, Associate Fatima Anjum and Law Clerk Isaac Ellman.


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This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.