Ares Capital Corporation Highlights Select Financing Commitments Closed During the Second Quarter Business Wire NEW YORK -- August 6, 2013 Ares Capital Corporation (NASDAQ: ARCC) announced today that it is providing additional details on three of its financing commitments closed during the second quarter of 2013, which were included in this morning’s previously released earnings announcement. Financing commitments by Ares Capital in the second quarter totaled more than $1.2 billion. “During the second quarter, we found more compelling investment opportunities as market activity rebounded from depressed first quarter levels,” said Kipp deVeer, President of Ares Capital. “We continue to benefit from our deep relationships within the financial sponsor community as well as our incumbent relationships and the growth capital needs within our own portfolio.” Below is a description of three select transactions closed during the second quarter. CSC ServiceWorks, Inc. / Pamplona Capital Management Ares Capital served as documentation agent in a $325 million second lien term loan in support of the acquisition of Coinmach Service Corporation and AIR-serv Holdings Inc. by Pamplona Capital Management. Coinmach is the largest supplier of outsourced laundry equipment services for multi-family housing properties in the United States. AIR-serv is the largest provider of pay air services for automobile tire inflation in North America. The merger of the two companies formed CSC ServiceWorks, Inc. Tripwire,Inc. / Thoma Bravo, LLC Ares Capital served as administrative agent, collateral agent and lead arranger in a $175 million senior secured credit facility to support the acquisition of nCircle Network Security Inc. by Tripwire, Inc., a portfolio company of Thoma Bravo, LLC. Through this transaction, Ares Capital increased its commitment to Tripwire by $85 million. Tripwire is a leading provider of IT compliance and security software and nCircle is a leading provider of IT vulnerability assessment software solutions. Industrial Service Solutions / Bolder Capital Ares Capital served as administrative agent, lead arranger and bookrunner for an $85 million senior secured credit facility to support the refinancing of Industrial Service Solutions, a portfolio company of Bolder Capital. Ares Capital’s financing commitment also provides growth capital to support future acquisitions. Industrial Service Solutions is a uniquely positioned industrial services holding company of geographically diverse but complementary independent service companies that offer field services, shop services and supply services to a wide variety of end user markets. About Ares Capital Corporation Ares Capital is a leading specialty finance company that provides one-stop financing solutions to U.S. middle market companies and private equity sponsors. The Company originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Ares Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments primarily in private companies. Ares Capital has elected to be regulated as a business development company, and is externally managed by a wholly owned subsidiary of Ares Management LLC.Ares Management is a global alternative asset manager and a SEC-registered investment adviser with approximately $66 billion of committed capital under management as of June 30, 2013 and pro forma for the acquisition of AREA Property Partners on July 1, 2013. For more information, visit www.arescapitalcorp. About CSC ServiceWorks, Inc. CSC ServiceWorks is the leading provider of multi-family housing and commercial laundry solutions and the industry leader in air-vending services at convenience stores and gas stations. CSC’s family of businesses includes Coinmach Corp., ASI Campus Laundry Solutions, SDI Laundry Solutions, Appliance Warehouse of America, AIR-serv, AirValet, and Super Laundry. CSC ServiceWorks employs more than 2,250 dedicated professionals and provides services for nearly one million air and laundry systems throughout the U.S., Canada, and Europe. For more information, visit www.coinmachservicecorp.com. About Pamplona Capital Management Pamplona Capital Management is a specialist investment manager established in 2005 that provides an alternative investment platform across private equity, funds of hedge funds and single manager hedge fund investments. Pamplona manages over $6.0 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its third private equity fund, Pamplona Capital Partners III, LP, which was raised in 2011 and has committed capital of $2.6 billion. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. For more information, visit www.pamplonafunds.com. About Tripwire, Inc. Tripwire is a leading global provider of IT security and compliance solutions for enterprises, government agencies and service providers who need to protect their sensitive data on critical infrastructure from breaches, vulnerabilities, and threats. Thousands of customers rely on Tripwire's critical security controls like security configuration management, file integrity monitoring, log and event management. Tripwire solutions provide integrated controls for unprecedented visibility and intelligence into business goals. For more information, visit www.tripwire.com. About nCircle Network Security, Inc. nCircle is the leading provider of information risk and security performance management solutions to more than 6,500 businesses and government agencies worldwide. nCircle solutions enable enterprises of all sizes to (1) automate compliance and reduce risk, and (2) measure and compare the performance of their IT security program with their own goals and industry peers. nCircle solutions may be deployed on a customer’s premises, as a cloud-based service, or in combination, for maximum flexibility and value. For more information, visit www.ncircle.com. About Thoma Bravo, LLC Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm applies its own industry consolidation investment strategy and process, which seeks to create value by partnering with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. For more information, visit www.thomabravo.com. About Industrial Service Solutions Industrial Service Solutions (ISS) is a uniquely positioned company that offers a broad set of competitively priced service value propositions for critical to process equipment across a diverse set of industrial end user markets. Equipment platforms include: Valves & Actuation, Compressor & Blower, Motor & Pump and various categories of Process Equipment, such as mixers, extruders and calendar drives. For more information, visit www.iss-na.com. About Bolder Capital Bolder Capital is a co-investment relationship with The Edgewater Funds and JZ Capital Partners. Bolder brings access to over $1 billion in assets under management and experience from hundreds of private equity transactions dating back over 35 years. The firm focuses on partnering with experienced CEOs to build leading middle market companies through organic and acquisition growth. For more information, visit www.boldercapital.com. Contact: Ares Capital Corporation Carl Drake, 404-814-5204 firstname.lastname@example.org
Ares Capital Corporation Highlights Select Financing Commitments Closed During the Second Quarter
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