NEW YORK (Standard&Poor's) Nov. 18, 2014--Standard&Poor's Ratings Services today said it assigned its 'BBB' issue rating on Ares Capital Corp.'s proposed senior unsecured notes due January 2020. The size of the senior unsecured notes offering has not been finalized and will be subject to market conditions, but for the purposes of our rating, we are assuming the amount will be no more than $500 million and no less than $300 million. The long-term issuer credit rating on Ares is 'BBB', and the outlook is stable. Management expects to use the majority of the proceeds to pay down its revolving credit facilities. Following this transaction, we expect total debt to remain (as of Sept. 30, 2014) at
