ares capital corp (ARCC) Key Developments
Ares Management & GE Capital Provides £75 Million Debt Package to Fund CVC Growth Partners Acquisition of Wireless Logic
Mar 5 15
Ares Management and GE Capital announced that the European Senior Secured Loan Programme (ESSLP), a €1.75 billion joint venture between affiliates of the two firms, has provided a £75 million financing package to fund the acquisition of Wireless Logic, Europe's leading independent machine-to-machine (M2M) managed services provider, by CVC Growth Partners. The acquisition was funded by a £65 million ESSLP Unitranche facility, which provides flexible and deliverable financing solutions of scale. In addition, a £10 million working capital and acquisition facility was provided by GE Capital. This deal marks the 12th transaction for the ESSLP since its inception in 2012 and brings total commitments funded to €1.3 billion. The €1.75 billion programme, is structured to provide flexible unitranche financing solutions to European mid-market borrowers.
Ares Capital Corporation Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 10:50 AM
Mar 2 15
Ares Capital Corporation Presents at RBC Capital Markets Financial Institutions Conference 2015, Mar-10-2015 10:50 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Robert Kipp DeVeer, Chief Executive Officer.
Ares Capital Corporation Declares First Quarter Dividend and Additional Dividend, Payable on March 31, 2015
Feb 26 15
Ares Capital Corporation announced that its Board of Directors has declared a first quarter dividend of $0.38 per share and an additional dividend of $0.05 per share, both payable on March 31, 2015 to stockholders of record as of March 13, 2015.
Ares Capital Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Feb 26 15
Ares Capital Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the fourth quarter of 2014, the company reported GAAP net income of $153.4 million or $0.49 per share (basic and diluted), core EPS of $0.42 per share (basic and diluted), net investment income of $128.2 million, or $0.41 per share (basic and diluted), and net realized and unrealized gains of $25.2 million or $0.08 per share (basic and diluted). Total investment income was $270,917,000 against $233,742,000 a year ago and net investment income before income taxes was $130,697,000 against $113,901,000 a year ago.
For the full year, total investment income was $988,959,000 against $881,721,000 a year ago and net investment income before income taxes was $456,131,000 against $444,511,000 a year ago. Net investment income was $437,802,000 against $430,406,000 a year ago. Net increase in stockholders equity resulting from operations was $590,949,000 against $488,521,000 a year ago. Basic and diluted earnings per common share was $1.94 against $1.83 a year ago. Basic and diluted Core EPS was $1.55 against $1.66 a year ago. Net assets per share was $16.82 against $16.46 a year ago.
Ares Capital Corporation Announces Redemption of 7.00% Senior Notes Due 2022
Feb 12 15
Ares Capital Corporation notified U.S. Bank National Association, the trustee for the Company's 7.00% Senior Notes due 2022, of the Company's election to redeem the $143,750,000 aggregate principal amount of the Notes outstanding, and instructed the Trustee to provide notice of such redemption to the holders of the Notes in accordance with the terms of the indenture governing the Notes. The Company expects the redemption to be completed on March 16, 2015.