| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Ares Capital Corp. > News item |
Ares Capital cuts pricing on revolving facility to Libor plus 225 bps
By Susanna Moon
Chicago, Jan. 28 - Ares Capital Corp. reduced pricing on its revolving funding facility to Libor plus 225 basis points, as of last Friday.
The spread over Libor ranges from 225 bps to 250 bps, based on the composition of the borrowing base relative to outstanding debt under the facility.
The company amended the terms of the revolver last Friday with Wells Fargo Securities, LLC, according to an 8-K filing with the Securities and Exchange Commission.
Interest was lowered from Libor plus 250 bps.
As of Jan. 25, one-month Libor was 0.2037%.
Ares Capital is a specialty finance company based in Los Angeles.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.