Ares Capital Appoints Schnabel Co-President

Ares Capital appointed Kort Schnabel co-president after current co-president Michael Smith stepped down. Smith will join the Ares Capital’s board of directors. Smith will also continue to serve as a member of the investment committee of Ares Capital’s investment manager.

October 26, 2022 Ares Capital | Kipp deVeer | Michael Arougheti Ian Koplin

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

April 6, 2022 Ares Capital | Bank of America | JP Morgan | Kipp deVeer | MUFG Bank | Penni Roll | Sumitomo Mitsui Banking Corporation | Truist | wells fargo Ian Koplin

Ares Capital Appoints Henson to Board of Directors as Independent Director

Mary Beth Henson joined Ares Capital’s board of directors as an independent director. Henson served as CFO at the National Audubon Society, a nonprofit dedicated to protecting birds and their habitats, from 2013 until 2021.

March 10, 2022 Ares Capital | Bennett Rosenthal | Kipp deVeer | Mary Beth Henson | Michael Arougheti Ian Koplin

Ares Makes $706MM in New Investments in Q3, 94% in First Lien Senior Secured Loans

In Q3/20, Ares Capital made $706 million in new investment commitments, of which $447 million were funded, including nine new portfolio companies and 15 existing portfolio companies. Of the $706 million in new commitments made during Q3/20, 94% were in first lien senior secured loans.

October 28, 2020 Ares Capital | Kipp deVeer | Penni Roll Ellie Delany

Ares Capital Makes $867MM in New Investments During Q2/20

During Q2/20, Ares Capital made $867 million in new investment commitments, of which $741 million were funded, including five new portfolio companies and 17 existing portfolio companies. Of the new commitments, 69% were in first lien senior secured loans.

August 4, 2020 Ares Capital | Kipp deVeer | Penni Roll Phil Neuffer

Ares Capital Agents DIP Credit Agreement for Vista Proppants and Logistics

According to documents filed with the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division, Ares Capital will serve as administrative agent on a debtor-in-possession credit agreement for Vista Proppants and Logistics.

June 11, 2020 Ares Capital | Kristin Whitley Smith | Vista Proppants and Logistics Phil Neuffer

Ares Amends Teligent’s Credit Agreements

Teligent entered into amendments related to its first lien revolving credit agreement with ACF Finco I LP as administrative agent and its definitive second lien credit agreement with Ares Capital as administrative agent.

April 9, 2020 ACF Finco I LP | Ares Capital | Teligent Phil Neuffer

J.P. Morgan Leads Amendment, Extension to Ares Capital Facility

J.P. Morgan led a syndicate of 37 bank participants in increasing and extending Ares Capital’s revolving credit facility. The facility was increased by $240 million to $3.6 billion and the final maturity date was extended to March 30, 2025.

March 31, 2020 Ares Capital | Bank of America | BMO Capital Markets | J.P. Morgan | Kipp deVeer | MUFG Bank | Penni Roll | Sumitomo Mitsui Banking | SunTrust Robinson Humphrey Phil Neuffer

Ares, Varagon Support Freeman Spogli Acquisition of Five Star Food Service

Varagon Capital Partners served as joint lead arranger and joint bookrunner on financing to support Freeman Spogli & Company’s acquisition of a majority interest in Five Star Food Service. Ares Capital also provided financing.

April 1, 2019 Ares Capital | Five Star Food Service | Freeman Spogli & Company | Varagon Capital Partners ckirtley

Ares Capital Reports $153MM in New Income for Q4/2018

Ares Capital reported GAAP new income of $153 million, net investment income of $203 million and net realized and unrealized losses of $50 million for the fourth quarter of 2018.

February 13, 2019 Ares Capital Amanda Koprowski