Ares Capital Announces $1 Billion Commercial Paper Program
Ares Capital Corporation (NASDAQ: ARCC) has launched a new commercial paper program with an aggregate limit of up to $1 billion in short-term, unsecured notes. The company plans to use its existing $5.5 billion Revolving Credit Facility as a liquidity backstop and expects cost benefits from this funding source.
Tickers: $ARCC