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ARCC — Ares Capital News Story

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Brief: Ares Capital Corporation Agrees To Acquire Midcap Financial Investment Corporation

BRIEF-Ares Capital Corporation Agrees To Acquire Midcap Financial Investment Corporation

- Ares Capital Corp ARCC.O:

  • ARES CAPITAL CORPORATION AGREES TO ACQUIRE MIDCAP FINANCIAL INVESTMENT CORPORATION

  • ARES CAPITAL CORPORATION AGREES TO ACQUIRE MIDCAP FINANCIAL INVESTMENT CORPORATION

  • ARES CAPITAL CORP - TO BUY MIDCAP FINANCIAL INVESTMENT CORP FOR $2.60 BILLION ENTERPRISE VALUE

  • ARES CAPITAL CORP - MFIC STOCKHOLDERS TO RECEIVE $10.88 PER SHARE INCLUDING $1.21 CASH AND $9.67 IN ARES CAPITAL STOCK

  • ARES CAPITAL CORP - MAY ISSUE UP TO 41 MILLION SHARES TO MFIC STOCKHOLDERS, SUBJECT TO ADJUSTMENT

  • ARES CAPITAL CORP - CO'S STOCKHOLDERS TO OWN 95%, MFIC STOCKHOLDERS 5% OF COMBINED COMPANY POST-DEAL

  • ARES CAPITAL CORP - DEAL EXPECTED TO CLOSE IN FIRST HALF OF 2027, SUBJECT TO APPROVALS

  • ARES CAPITAL CORP - WELLS FARGO AGREES TO PROVIDE $750 MILLION ADDITIONAL SECURED FINANCING FOR DEAL

  • ARES CAPITAL CORP: TRANSACTION EXPECTED TO BE ACCRETIVE TO CO'S CORE EARNINGS AND SUPPORT FUTURE DIVIDENDS

Source text: ID:nBwbSlCcQa

Further company coverage: ARCC.O


((Reuters.Briefs@thomsonreuters.com;))

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