Ares Capital Corporation

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21.51
-0.90 (-4.02%)
At close: Apr 03, 2025, 3:59 PM
21.40
-0.51%
After-hours: Apr 03, 2025, 07:58 PM EDT

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 Corporation logo
Country United States
IPO Date Oct 5, 2004
Industry Asset Management
Sector Financial Services
Employees 1,200
CEO Robert Kipp DeVeer III

Contact Details

Address:
2000 Avenue of the Stars
Los Angeles, California
United States
Website https://www.arescapitalcorp.com

Stock Details

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

Key Executives

Name Position
Robert Kipp DeVeer III Chief Executive Officer & Director
Jana Markowicz Chief Operating Officer
Scott C. Lem Chief Financial Officer & Treasurer
Bennett Rosenthal Co-Founder & Chairman Emeritus
James Miller President
John W. Stilmar Partner & Co-Head of Public Markets Investor Relations
Joshua M. Bloomstein J.D. Vice President, General Counsel & Secretary
Lisa A. Morgan Chief Compliance Officer
Michael J. Arougheti Executive Vice President & Director
Won Jae Cho Chief Accounting Officer

Latest SEC Filings

Date Type Title
Mar 24, 2025 8-K Current Report
Mar 24, 2025 10-K/A [Amend] Annual Report
Mar 10, 2025 DEFA14A Filing
Mar 10, 2025 DEFA14A Filing
Mar 10, 2025 DEF 14A Filing
Mar 07, 2025 3/A [Amend] Filing
Mar 05, 2025 4 Filing
Feb 20, 2025 40-APP/A [Amend] Filing
Feb 20, 2025 4 Filing
Feb 13, 2025 4 Filing