Last $17.54 USD
Change Today -0.05 / -0.28%
Volume 1.4M
ARCC On Other Exchanges
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As of 12:56 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

ares capital corp (ARCC) Snapshot

Open
$17.54
Previous Close
$17.59
Day High
$17.66
Day Low
$17.52
52 Week High
03/6/14 - $17.99
52 Week Low
12/16/14 - $14.63
Market Cap
5.5B
Average Volume 10 Days
2.1M
EPS TTM
$1.43
Shares Outstanding
314.1M
EX-Date
03/11/15
P/E TM
12.3x
Dividend
$1.52
Dividend Yield
8.95%
Current Stock Chart for ARES CAPITAL CORP (ARCC)

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ares capital corp (ARCC) Details

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

ares capital corp (ARCC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
Co-President
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Co-President
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Co-Founder, Co-Chairman, and Director
Total Annual Compensation: --
Co-Founder
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

ares capital corp (ARCC) Key Developments

Ares Management & GE Capital Provides £75 Million Debt Package to Fund CVC Growth Partners Acquisition of Wireless Logic

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 Declares First Quarter Dividend and Additional Dividend, Payable on March 31, 2015

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

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.

 

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