Ares Capital Resets $708.7M CLO, Prices 2038 Notes and $139M Term Loan
Ares Capital completed a refinancing of its approximately $708.7 million ADL CLO 1, issuing new floating-rate notes under an amended and restated 2038 indenture and adding a $139.0 million Class A-1-LR secured term loan. The reset extends the CLO maturity to 2038, allows reinvestment through July 2…