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

ACF Finco, Ares Agent $120MM ABL Financing for Teligent

Pharmaceutical company Teligent entered into a new senior-secured asset-based first lien revolver with ACF Finco I as administrative agent and a definitive second lien credit agreement with Ares Capital as administrative agent.

December 14, 2018 ACF Finco | Ares Capital | Ares Management | Teligent Amanda Koprowski

BofAML, J.P.Morgan, Others Arrange Ares Capital Amendments

Ares Capital completed all necessary amendments to its $2.1 billion revolving credit facility led by Bank of America, J.P. Morgan and SunTrust Robinson Humphrey. It also amended its $1 billion revolver led by Wells Fargo.

October 4, 2018 Ares Capital | Bank of America Merrill Lynch | J.P. Morgan | SunTrust Robinson Humphrey | wells fargo ABF Journal

Antares, Madison, Ares Support MarketCast Turnkey Acquisition

Antares Capital, Madison Capital and Ares Capital provided debt financing to support MarketCast Group’s acquisition of Turnkey Intelligence, a sports research and advisory firm.

September 11, 2018 Antares Capital | Ares Capital | Madison Capital | MarketCast Group | Turnkey Intelligence Amanda Koprowski