MFIC · Ares Capital Corporation (ARCC) filed a 425 communication containing an…

Ares Capital Corporation (ARCC) filed a 425 communication containing an interview excerpt with Director Michael Arougheti, who discussed the pending acquisition of MidCap Financial Investment Corporation (MFIC). Arougheti highlighted ARCC's track record of acquiring and integrating BDC platforms and framed the deal as accretive for ARCC shareholders, with ARCC trading near book value able to offer a premium to MFIC shareholders. No changes to deal terms, timeline, or conditions were disclosed; the transaction remains subject to MFIC stockholder approval, regulatory clearances, and other customary conditions, with closing expected in the first half of 2027.

• Filing contains an interview excerpt with Michael Arougheti, Director and EVP of ARCC, discussing the pending MFIC acquisition.
• Arougheti noted ARCC has acquired and integrated three large BDC platforms (Allied Capital, American Capital Strategies, AINV/MFIC) over 22 years.
• He stated ARCC, trading close to book value, can deliver an attractive premium to MFIC shareholders and buy a diversified book of 200-plus names accretively.
• No changes to deal terms, consideration ($10.88 per MFIC share), or timeline (closing in first half of 2027) were disclosed.