Ares Capital Corporation Highlights Second Quarter Financing Commitments
More than $1 Billion in New Commitments Closed
NEW YORK -- August 6, 2014
Ares Capital Corporation (“Ares Capital” – NASDAQ:ARCC) is providing
additional details on its financing commitments closed during the second
quarter of 2014, which were included in Ares Capital’s earnings announcement
released yesterday. Financing commitments made by Ares Capital totaled more
than $1.0 billion in the second quarter.
“During the second quarter, we invested over $1 billion in 29 different
investments primarily in floating rate, senior loans of leading middle market
companies in a variety of industries, including consumer products, healthcare
and service industries,” said Kipp deVeer, Chief Executive Officer of Ares
Capital. “We also continued to remain active providing growth capital and
acquisition financing for our dynamic portfolio.”
Below is a description of two of the transactions that closed during the
totes»Isotoner Holdings Corporation / Freeman Spogli & Co. / Investcorp
Ares Capital served as lead arranger, administrative agent, collateral agent
and bookrunner for an $80 million second lien term loan in support of the
acquisition of totes»Isotoner Holdings Corporation by Freeman Spogli and
Investcorp. totes»Isotoner is a designer, marketer and distributor of rain,
cold weather and footwear products and related accessories.
FeraDyne Outdoors, LLC / Snow Phipps Group
Ares Capital served as lead arranger, administrative agent and revolver agent
for a senior secured credit facility to support the acquisition of FeraDyne
Outdoors, LLC by Snow Phipps Group. Headquartered in Cartersville, GA,
FeraDyne is the world’s leading provider of branded bowhunting and archery
About Ares Capital Corporation
Ares Capital is a leading specialty finance company that provides one-stop
debt and equity financing solutions to the U.S. middle market. Ares Capital
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 subsidiary of Ares
Management, L.P. (“Ares Management”) (NYSE: ARES). Ares Management is a
publicly traded, leading global alternative asset manager with approximately
$77 billion of assets under management as of March 31, 2014. For more
information, visit www.arescapitalcorp.com. However, the contents of such
website are not and should not be deemed to be incorporated by reference
totes»Isotoner Corporation, headquartered in Cincinnati, Ohio, is the leading
designer, marketer and distributor of high-quality branded rain products
(umbrellas), cold weather products (gloves, hats and scarves), footwear
(slippers and sandals) and related accessories. In addition to its market
leading position in the United States, totes»Isotoner has a strong
international presence, particularly in France, the United Kingdom and Canada.
The totes and Isotoner brands are among the most recognizable and trusted rain
and cold weather accessory brands globally. For more information, visit
About Freeman Spogli & Co.
Freeman Spogli is a private equity firm dedicated exclusively to investing and
partnering with management in consumer-related and distribution companies.
Since its founding in 1983, Freeman Spogli has invested approximately $3.3
billion of equity in 50 portfolio companies with aggregate transaction values
of $20 billion. Freeman Spogli & Co. has offices in Los Angeles and New York.
For more information, visit www.freemanspogli.com.
Investcorp is a leading provider and manager of alternative investment
products and is publicly traded on the Bahrain Bourse (INVCORP). The
Investcorp Group has offices in New York, London, Bahrain, Saudi Arabia and
Abu Dhabi. Investcorp has three business areas: corporate investment in the
US, Europe and the Gulf, real estate investment in the US and global hedge
funds. Investcorp has approximately $10.5 billion in total assets under
management. For more information, visit www.investcorp.com.
About FeraDyne Outdoors, LLC
Headquartered in Cartersville, Ga., FeraDyne designs and manufactures a range
of innovative category-leading products for today’s bowhunters. The company
offers an extensive portfolio of innovative, patent-protected products such as
broadheads, nocks and releases, all of which are designed to enhance the
performance of archers in the field and on the range. For more information,
contact FeraDyne Outdoors, 110 Beasley Road, Cartersville, GA 30120, or call
866-387-9307. For more information on FeraDyne brands, visit
www.ragebroadheads.com, www.muzzy.com, www.nockturnal.com and www.trufire.com.
About Snow Phipps
Snow Phipps is a private equity firm focused on middle-market control
investments. With $1.5 billion of assets currently under management, Snow
Phipps targets platform companies with enterprise values ranging from $100
million to $500 million. The firm utilizes an operating partner model to
invest across select industries and seek value creation through an
operationally focused strategy. For more information, visit
Ares Capital Corporation
Carl Drake, 888-818-5298
Jana Markowicz, 888-818-5298
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