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Ares Capital Corporation (ARCC)

NASDAQ: ARCC · IEX Real-Time Price · USD
20.31 0.05 (0.25%)
Dec 1, 2021 2:27 PM EST - Market open

Company Description

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies.

It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office.

The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million.

It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity.

The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions.

The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

Ares Capital Corporation
CountryUnited States
IPO DateOct 6, 2004
IndustryCapital Markets
SectorFinancials
CEORobert deVeer

Contact Details

Address:
245 Park Ave Fl 44
New York, New York 10167-4400
United States
Phone212-750-7300
Websitearescapitalcorp.com

Stock Details

Ticker SymbolARCC
ExchangeNASDAQ
Fiscal YearJanuary - December
Reporting CurrencyUS Dollars
CIK Code0001287750

Key Executives

NamePosition
Michael J. AroughetiCo-Chairman and Executive Vice President
Bennett RosenthalCo-Founder and Co-Chairman
Robert Kipp DeVeer IIIChief Executive Officer and Director
Mitchell S. Goldstein CPA, CPACo-Pres
Michael Lewis SmithCo-Pres
Penelope F. RollChief Financial Officer
Scott C. LemChief Accounting Officer, Vice President and Treasurer
John W. StilmarManaging Director of IR
Joshua M. Bloomstein J.D.Vice President, General Counsel and Secretary
Lisa A. MorganChief Compliance Officer

Latest SEC Filings

DateTypeTitle
Nov 23, 20218-KCurrent report
Nov 23, 2021N-23C-2Notice by closed-end investment companies of intent to purchase their own securities
Nov 4, 20218-KCurrent report
Oct 29, 2021424B2Prospectus [Rule 424(b)(2)]
Oct 28, 2021497ADFiling by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Oct 28, 2021497ADFiling by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Oct 28, 2021497ADFiling by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Oct 28, 2021497ADFiling by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Oct 28, 2021FWPFiling under Securities Act Rules 163/433 of free writing prospectuses
Oct 28, 2021424B2Prospectus [Rule 424(b)(2)]
View All SEC Filings