August 17, 2009 (FinancialWire) — Ares Capital Corp. (NASDAQ: ARCC) has agreed to sell 11 million shares of common stock at a public offering price of $9.25 per share, for around $101.75 million in gross proceeds.

J.P. Morgan Securities (NYSE: JPM), Citi (NYSE: C), UBS Investment Bank (NYSE: UBS) and Wells Fargo Securities are acting as joint bookrunners for the offering.

Ares Capital has granted the underwriters an option to purchase up to an additional 1.65 million shares to cover over-allotments.

The company plans to use the net proceeds for general corporate purposes, including to repay outstanding indebtedness and to fund investments.

New York-based Ares Capital is a specialty finance company that provides integrated debt and equity financing solutions to U.S. middle market companies. The company invests primarily in first and second lien loans and mezzanine debt, which in some cases includes an equity component.

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