Ares Capital Corporation (ARCC)

NASDAQ: ARCC · IEX Real-Time Price · USD
19.33
+0.01 (0.05%)
At close: Nov 29, 2022 4:00 PM
19.48
+0.15 (0.78%)
After-hours: Nov 29, 2022 4:56 PM EST

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
Ares Capital logo
Country United States
IPO Date Oct 6, 2004
Industry Capital Markets
Sector Financials
Employees 1,200
CEO Robert deVeer

Contact Details

Address:
2000 Avenue of the Stars
Los Angeles, California 90067
United States
Phone 310 201 4100
Website arescapitalcorp.com

Stock Details

Ticker Symbol ARCC
Exchange NASDAQ
Fiscal Year End December
Reporting Currency USD
CIK Code 0001287750
CUSIP Number 04010L103
ISIN Number US04010L1035
Employer ID 33-1089684

Key Executives

Name Position
Michael J. Arougheti Co-Chairman and Executive Vice President
Bennett Rosenthal Co-Founder and Co-Chairman
Robert Kipp DeVeer III Chief Executive Officer and Director
Mitchell S. Goldstein CPA, CPA Co-Pres
Kort Schnabel Co-Pres
Penelope F. Roll Chief Financial Officer
Scott C. Lem Chief Accounting Officer, Vice President and Treasurer
John W. Stilmar MD of Public Investor Relations and Communications
Joshua M. Bloomstein J.D. Vice President, General Counsel and Secretary
Lisa A. Morgan Chief Compliance Officer

Latest SEC Filings

Date Type Title
Nov 10, 2022 8-K Current Report
Nov 9, 2022 424B2 Prospectus
Nov 8, 2022 497AD Filing by certain investment companies of Rule 482 advertising
Nov 8, 2022 497AD Filing by certain investment companies of Rule 482 advertising
Nov 7, 2022 497AD Filing by certain investment companies of Rule 482 advertising
Nov 7, 2022 424B2 Prospectus
Nov 7, 2022 497AD Filing by certain investment companies of Rule 482 advertising
Oct 25, 2022 10-Q Quarterly Report
Oct 25, 2022 8-K Current Report
Oct 5, 2022 40-17G Filing