Ares Capital Corporation announced that Kort Schnabel was appointed as Co-President. Concurrently, Michael Smith stepped down as Co-President and has been appointed to the Ares Capital Board of Directors. Mr. Smith will continue to serve as a member...
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October 26, 2022, 08:00 AM
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Altimer Capital launched a new alternative asset management firm targeting credit opportunities in the rapidly growing area of digital transformation. The new private credit and structured equity firm will offer innovative and customized financing...
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May 18, 2022, 07:51 AM
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Ares Commercial Finance provided a $10 million senior secured multinational revolving line of credit to MicroStar International Holdings Corporation (“MicroStar”), a portfolio company of Freeman Spogli, for working capital purposes in support of the...
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May 19, 2021, 07:44 AM
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Ares Capital Corporation and Ares Capital JB Funding LLC, a wholly owned subsidiary of the Registrant, entered into an amendment to the documents governing ACJB LLC’s revolving funding facility with Sumitomo Mitsui Banking Corporation and each of the...
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January 03, 2020, 09:00 AM
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Ares Capital Corporation announced that it has completed all necessary amendments to its secured revolving facilities to allow it to use the flexibility and incremental leverage provided by the Small Business Credit Availability Act (SBCAA).
Ares...
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October 03, 2018, 07:19 AM
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Ares Capital Corporation announced that it plans to recommend a path for approval of a certain provision contained in the recently passed Small Business Credit Availability Act (SBCAA) that was signed into law on March 23, 2018. The SBCAA includes a...
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April 03, 2018, 08:00 AM
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Ares Capital Corporation announced that it has closed on a definitive agreement under which Ares Capital purchased the remaining loans of the Senior Secured Loan Fund LLC, effectively concluding the joint venture. Under the terms of the agreement...
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August 03, 2017, 07:11 AM
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Ares Management, L.P. announced that it will begin earning fees on approximately $3 billion of incremental AUM as a result of the completion of Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017. As a...
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January 04, 2017, 06:56 AM
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Ares Capital Corporation (ARCC) and Varagon Capital Partners announced the Senior Direct Lending Program has officially launched. First announced in 2015, SDLP was formed to provide complete financing solutions to middle market companies and sponsors...
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August 04, 2016, 07:41 AM
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Ares Capital Corporation is serving as the administrative agent, joint lead arranger and joint bookrunner for a $1.075 billion unitranche credit facility in support of the acquisition of Qlik Technologies, Inc. by Thoma Bravo, a leading private...
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June 03, 2016, 08:08 AM
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Fitch Ratings has affirmed Ares Capital Corporation's (Ares) Long-Term Issuer Default Rating (IDR) and secured and unsecured debt ratings at 'BBB' following the announced acquisition of American Capital, Ltd. (ACAS). The Rating Outlook is Stable. The...
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May 24, 2016, 07:01 AM
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Ares Capital Corporation and American Capital, Ltd. (NASDAQ: ACAS) announced today that they have entered into a definitive merger agreement under which Ares Capital will acquire American Capital, excluding American Capital Mortgage Management, LLC. ...
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May 23, 2016, 08:15 AM
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On April 18, 2016, Ares Capital Corporation entered into an agreement to amend and restate its senior secured revolving credit facility (as amended and restated, the “A&R Revolving Credit Facility”). The A&R Revolving Credit Facility, among other...
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April 21, 2016, 07:43 AM
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Ares Capital Corporation is providing additional details on its financing commitments closed during the third quarter of 2015. Financing commitments made by Ares Capital in the third quarter totaled over $1.5 billion.“In the third quarter, we...
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November 09, 2015, 10:02 AM
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For the first time since the financial crisis, business development companies (BDCs) are facing a relatively significant near-term maturity wall, as $1.3 billion of convertible notes and other debt issued by Fitch-rated BDCs in 2011 and 2012 are...
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October 19, 2015, 07:50 AM
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American Seafoods, the largest harvester of wild-caught fish for human consumption in the U.S., announced it has closed a deleveraging recapitalization. The transaction was sponsored by Bregal Partners, as well as Pacific Seafood Group and other...
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August 21, 2015, 07:31 AM
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LSQ Funding Group, a leading technology-enabled provider of invoice (receivables) financing for small- and midsized businesses, announced that it has received $40 million of capital from Ares Capital Corporation, the largest business development...
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July 07, 2015, 08:02 AM
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Harvest Partners and the management team of DCA Investment Holding LLC have completed the acquisition of the company from Quad-C Management, Inc., a Charlottesville, VA-based private equity firm. Terms of the transaction were not disclosed.Senior...
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July 06, 2015, 07:14 AM
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Ares Capital Corporation (ARCC) extended the maturity and reduced pricing on its existing $400 million revolving funding facility with Sumitomo Mitsui Banking Corporation. ARCC extended the reinvestment period by one year to September 14, 2017 and...
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July 02, 2015, 07:38 AM
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Ares Capital Corporation and Varagon Capital Partners announced that they are establishing a new joint venture that will make senior secured loans to middle-market companies. The new joint venture will be called the Senior Direct Lending Program...
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June 18, 2015, 08:03 AM
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Aurora Capital Group, a Los Angeles-based private equity firm with over $2 billion of assets under management, announced that it has completed the acquisition of Minneapolis-based Restaurant Technologies, Inc. ("RTI"), the only national provider of...
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May 01, 2015, 07:38 AM
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Fitch Ratings does not anticipate any current impact to Ares Capital Corporation's (Ares Capital) 'BBB' ratings resulting from General Electric Corporation's (GE) announcement that it plans to divest the majority of General Electric Capital...
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April 15, 2015, 07:12 AM
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Ares Capital Corporation amended and extended its senior secured revolving credit facility with 20 banks, including 19 existing lenders and one new lender. Lenders include SunTrust Bank, Bank of America and Merrill Lynch. JPMorgan Chase agented the...
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March 31, 2015, 08:02 AM
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The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that during the fourth quarter of 2014 it closed 12 financing transactions, including refinancings of...
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March 06, 2015, 07:23 AM
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Regent Education, the leading provider of financial aid management and enrollment optimization software solutions for higher education institutions, today announced a $9 million round of funding to support and accelerate the company's growth.The...
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July 08, 2014, 07:23 AM
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Ares Capital Corporation is providing additional details on three of its financing commitments closed during the first quarter of 2014, which were included in Ares Capital’s earnings announcement released yesterday. Financing commitments made by...
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May 09, 2014, 07:06 AM
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Ares Capital Corporation announced that its investment adviser, Ares Capital Management LLC, has added two investment professionals as part of its expansion of its middle-market sponsor coverage strategy. Grant Haggard and Brian Moncrief have joined...
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March 31, 2014, 07:41 AM
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Ares Capital Corporation announced today that its investment adviser, Ares Capital Management LLC, has added two investment professionals as part of an expansion of its energy lending capabilities. Owen D. Hill and Jonathan M. Shepko have joined as...
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March 25, 2014, 06:44 AM
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Ares Capital Corporation announced that its Board of Directors has promoted its President, Michael J. Arougheti, to Chief Executive Officer, and four longstanding executives of its investment adviser, Ares Capital Management LLC, to officer roles...
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May 07, 2013, 07:14 AM
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The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that its total available capital has increased from $7.7 billion to $9.0 billion. In connection with this...
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January 31, 2013, 07:57 AM
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The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, closed five financing commitments totaling $625 million, including two refinancing transactions of existing portfolio...
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November 09, 2012, 06:44 AM
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