Ares Capital Corporation to acquire Allied Capital Corporation
Ares Capital Corporation and Allied Capital Corporation announced today that they have entered into a definitive agreement under which Ares Capital will acquire Allied Capital in an all stock transaction currently valued at $648 million, or approximately $3.47 per Allied Capital share.
Ares Capital Corporation announced today that its wholly owned subsidiary, Ares Capital JB Funding LLC, has increased the size of its revolving funding facility with Sumitomo Mitsui Banking Corporation, from $200 million to $400 million.