04010LAB9

Ares Capital Corp

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A specialty finance firm and the largest publicly traded business development company in the US, it acts as a direct lender, providing loans and other financing to private middle-market companies too big for small-bank lending but too small for public bond markets. Founded in 2004 and managed by Ares Management, it grew through mergers with Allied Capital in 2010 and American Capital in 2017. Its name comes from Ares, the Greek god of war, chosen for the parent firm's competitive investing style.

5.75% Convertible Senior Unsecured Notes due 2016