Freshfields Advises on Ares Capital Corporation’s $1 Billion At the Market Equity Program
Freshfields advised the sales agents on the establishment of Ares Capital Corporation’s $1 billion “at the market” equity program. The sales agents under the program are Truist Securities, Inc., Regions Securities LLC and SMBC Nikko Securities America, Inc. Ares Capital is the largest publicly traded business development company (BDC) by market capitalization, with over $21.8 billion of assets as of March 31, 2023.
The Freshfields capital markets 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 Prince Kudolo and Law Clerks Jerome Chan, Isaac Ellman and Michael Lam.
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