Ares Capital closed $970 million in new commitments in Q4/15 and closed $3.8 billion in total new commitments in 2015.

“We continue to experience competitive advantages from our direct origination focus and scale,” said Kipp deVeer, chief executive officer of Ares Capital. “While staying highly selective, we made investment commitments of $3.8 billion during 2015, continuing to support our existing portfolio companies and selectively adding new companies to the portfolio.”

Ares closed the following transactions in the fourth quarter:

  • As administrative agent and collateral agent for a $310 million senior secured credit facility to support a refinancing alongside the acquisition of Bodtker Group by Industrial Container Services (ICS), an existing Aurora Capital Group portfolio company. Canada-based Bodtker Group is a privately held industrial container solutions providers, focusing on reconditioning, distribution and manufacturing. ICS is a provider of reusable container solutions in North America.
  • As joint lead arranger, joint bookrunner and administrative agent for a $130 million senior secured credit facility to support the acquisition of KeyImpact by J.W. Childs Associates. Formed in 2000, through the merger of Key Brokerage in New Jersey and Impact Sales in Maryland, KeyImpact is an independent foodservice sales and marketing agency. KeyImpact represents manufacturers of food, as well as packaging and supplies, and provides sales and marketing services to distributors and operators across all segments of the foodservice trade channel.
  • As sole lead arranger, sole bookrunner and administrative agent for a $100 million second lien term loan to support the acquisition of West Palm Beach, FL-based Shoes for Crews by CCMP Capital. Shoes for Crews is designs and markets slip-resistant footwear worldwide.
  • As lead arranger, bookrunner and administrative agent for a $75 million senior secured credit facility to support the formation of KPS Global by D Cubed Group. KPS Global is a provider of walk-in cooler and freezer systems.
  • As lead arranger, bookrunner and administrative agent for a senior secured credit facility to support the acquisition of Eagle Family Foods by funds affiliated with Kelso & Co. Founded in 1856, Eagle Family Foods manufactures both evaporated and sweetened condensed milk products sold under the Eagle, Magnolia, PET, Meadow Gold and Milnot brands, in addition to its large private label offering.