Ares Capital Corporation Acquires Diversified Middle Market Loan Portfolio For $319 Million

  Ares Capital Corporation Acquires Diversified Middle Market Loan Portfolio
  For $319 Million

Business Wire

NEW YORK -- December 20, 2013

Ares Capital Corporation (NASDAQ: ARCC) announced today that it has acquired a
diversified middle-market corporate loan portfolio managed by a global banking
institution for approximately $319 million. The portfolio is primarily
comprised of first lien senior loans, and to a lesser extent, second lien
loans and small equity co-investments. The portfolio is comprised of 32
investments in 23 portfolio companies in industries that are generally similar
to those in Ares Capital’s portfolio.

“As the banking industry faces increasing regulatory restrictions, we are
seeing more opportunities such as this to purchase high-quality, middle-market
loan portfolios from financial institutions where we see potential to create
value,” said Michael Arougheti, Chief Executive Officer of Ares Capital. “We
were already familiar with many of the companies represented in this portfolio
and, in addition to the financial merits of the transaction, we believe we can
develop mutually beneficial long-term relationships with many of these
companies and their sponsors.”

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.

Contact:

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