ARCC Quick Update: Equity Offering
Recent ARCC Equity Offering
After the markets closed yesterday, ARCC announced another equity offering. This is standard practice for the company, especially when the company is close to its upper targeted leverage (debt-to-equity) of 1.25 (currently 1.24 net of cash).
Please keep in mind:
Will not be dilutive to NAV
Proceeds will be around $178 million (ve…