Dye & Durham entered into an approximately $1.8 billion committed senior secured credit facility. Ares Capital Management acted as administrative agent and lead arranger with respect to the new facility.
Nuverra Environmental Solutions entered into agreements with funds controlled by Ares Capital Management and funds controlled by Ascribe Capital Management and Gates Capital Management to amend its first lien and second lien credit agreements.
Ares Management increased its total assets to $12.3 billion through its acquisition of American Capital.
Ares Capital served as administrative agent for a $1.075 billion unitranche credit facility to support the acquisition of Qlik by private equity firm Thomas Bravo.
Ares Capital announced Owen D. Hill and Johathan M. Shepko have joined the firm as managing directors to focus on senior and sub-debt financing opportunities in the oil and gas industry.