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Ares Capital Corporation Highlights Select Financing Commitments Closed During the Third Quarter



  Ares Capital Corporation Highlights Select Financing Commitments Closed
  During the Third Quarter

Business Wire

NEW YORK -- November 5, 2013

Ares Capital Corporation (NASDAQ: ARCC) is providing additional details on
four of its financing commitments closed during the third quarter of 2013,
which were included in this morning’s earnings announcement. Financing
commitments by Ares Capital in the third quarter totaled $1.1 billion.

“We continued to use our competitive advantages in scale and flexibility to
originate financings for a broad group of borrowers, including a select group
of highly attractive new borrowers,” said Kipp deVeer, President of Ares
Capital Corporation.

Below is a description of four selected transactions closed during the third
quarter.

Moxie Liberty, LLC. / Panda Power Funds, LP
Ares Capital served as joint syndication agent, documentation agent, joint
lead arranger and joint bookrunner in a $627 million senior secured credit
facility to support the construction of Liberty, an 829-megawatt natural
gas-fired, combined cycle electric power generation facility in Bradford
Country, Pennsylvania. Liberty was developed by Moxie Energy. As part of the
transaction, Panda Power Funds acquired Liberty and will provide operations
and maintenance as well as asset management services to the project.

Keynote Systems, Inc. / Thoma Bravo, LLC
Ares Capital served as administrative agent, collateral agent, lead arranger
and bookrunner in a $185 million senior secured credit facility in support of
the public-to-private acquisition of Keynote Systems, Inc. by Thoma Bravo,
LLC. Keynote is the global leader in Internet and mobile cloud testing and
monitoring.

K2 Pure Solutions / Centre Partners
Ares Capital served as administrative agent, collateral agent and lead
arranger for a $165 million senior secured credit facility to support the
recapitalization of K2 Pure Solutions. K2 Pure Solutions helps provide an
answer to eliminating the need to transport chlorine for water purification
and disinfection, as well as other industries, by deploying and funding a
North American-wide network of state-of-the-art facilities utilizing
inherently safe technology.

Eberle Design, Inc. / Brazos Private Equity Partners, LLC
Ares Capital served as administrative agent, revolver agent, collateral agent,
lead arranger and sole bookrunner for a $58 million senior secured credit
facility to support the acquisition of Eberle Design, Inc. by Brazos Private
Equity Partners. EDI is a leading provider of transportation system products
in the traffic, access and rail industries.

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 $68 billion of committed capital under management as of
September 30, 2013. For more information, visit www.arescapitalcorp.com.

About Moxie Energy

Moxie Energy was formed in 2009 by former AES Corporation executives. Moxie
was formed to develop, own, and operate clean energy infrastructure projects,
and to provide consulting services to the energy industry. Moxie’s principals
each average 26 years of experience in the power industry. Their experience
and expertise also provide them with unique knowledge regarding the
relationship between federal, state, and local regulatory processes. Their
completed projects comprise over 10 gigawatts of generation. For more
information, visit www.moxieenergy.com.

About Panda Power Funds, LP

Panda Power Funds was established in 2007 by former senior management members
of Panda Energy International Inc., a Dallas-based independent power developer
founded in 1982. Panda seeks to take advantage of the team’s prior experience
in long-term capital appreciation through the development, acquisition and
active management of power generation assets, with a primary focus on the
development of natural gas-fueled power plants. Panda’s investments target
areas in the U.S. that are experiencing, or expected to experience, power
shortages and environmental challenges. Panda’s recent investments include the
Pilesgrove solar project in New Jersey, and the Temple I, Temple II and
Sherman gas-fired projects in Texas. For more information, visit
www.pandafunds.com.

About Keynote Systems, Inc.

Keynote® is the global leader in internet and mobile cloud testing and
monitoring. The company maintains the world’s largest on-demand performance
monitoring and testing infrastructure for Web and mobile sites comprised of
over 7,000 measurement computers and mobile devices in over 275 locations
around the world that enable companies to continuously improve the online and
mobile experience. Keynote currently collects over 700 million mobile and Web
performance measurements daily and in 2012 was recognized by Forbes as “One of
the Best 100 Companies in America” with under one billion in revenue. Known as
‘The Mobile and Internet Authority™,’ Keynote offers three market-leading
product platforms: Keynote Perspective®, Keynote DeviceAnywhere® and Keynote
SIGOS®. Keynote’s 4,000 customers represent top Internet and mobile companies
and include AT&T, Disney, eBay, E*TRADE, Expedia, Google, Microsoft, Sony
Mobile Communications AB, T-Mobile and Vodafone. Keynote Systems is
headquartered in San Mateo, California. For more information, visit
www.keynote.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 more than $4 billion of equity commitments.
For more information, visit www.thomabravo.com.

About K2 Pure Solutions, Inc.

K2 Pure Solutions manufactures products essential to modern life through
environmentally sustainable and inherently safe technology. K2 Pure Solutions
helps provide an answer to eliminating the need to transport chlorine for
water purification and disinfection by deploying and funding a North America
wide network of state-of-the-art facilities utilizing inherently safe
technology. K2’s facilities will mitigate the potential environmental,
security and operational risks associated with the transport of chlorine for
water treatment by producing exceptionally pure bleach, caustic soda and other
chlor-alkali products using only salt, water and electricity in the most
economically viable manner. K2 Pure Solutions was founded by David Cynamon and
Howard Brodie, the founders of KIK Custom Products, North America’s largest
contract manufacturer of private label household bleach, personal care and
household cleaning products. For more information, visit www.k2pure.com.

About Centre Partners

Centre Partners, founded in 1986, is a leading private equity firm with a
middle market focus that seeks to make acquisitions and equity investments
alongside management teams who have or desire to make a meaningful economic
stake in the future success of their businesses. Centre Partners has invested
over $2 billion in more than 70 transactions, partnering with management teams
across a broad spectrum of industries. Centre Partners provides those teams
with access to its unique resources, which include an extended network of
experienced and proven operating executives. The firm is currently investing
through its fifth fund. For more information, visit www.centrepartners.com.

About Eberle Design, Inc.

Eberle Design, Inc., headquartered in Phoenix, Arizona, is a leading
manufacturer of electronic control products for the traffic, access, and rail
industries. The Company’s broad array of products – including conflict
monitors, inductive loop detectors, power supplies, flashers, load switches,
and other critical infrastructure control parts – allows transportation and
access control professionals to integrate, automate, and manage intersections,
roads, and access points (e.g. gated entry, tolls and parking) easily,
efficiently and safely. The Company designs, manufactures and sells under the
Eberle and Reno brand names and is recognized as a provider of reliable,
high-performance, specialty components. For more information, visit
www.editraffic.com.

About Brazos Private Equity Partners, LLC

Brazos Private Equity Partners is a Dallas-based private equity firm that has
managed investment funds with approximately $1.4 billion of equity capital
since inception. Brazos focuses on investments in leading middle-market
consumer, healthcare, commercial & industrial, and business services
companies, and partners with outstanding management teams and/or owners of
closely-held businesses to maximize growth and shareholder value. Brazos has
been one of the most active middle-market private equity investment firms,
having completed in excess of 80 transactions over the past decade. For more
information, visit www.brazospartners.com.

Contact:

Ares Capital Corporation
Carl Drake, 404-814-5204
cdrake@aresmgmt.com
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