Welcome to our dedicated page for Ares Capital Corporation news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital Corporation stock.
Ares Capital Corporation (NASDAQ: ARCC) is a prominent specialty finance company based in the United States, uniquely positioned to meet the distinct and underserved financing needs of private middle-market companies. Established in 2004, Ares Capital focuses on generating both current income and capital appreciation through a diverse portfolio of debt and equity investments.
The company primarily invests in U.S. middle-market companies but also explores opportunities with larger firms. Its investment portfolio includes first lien senior secured loans, second lien senior secured loans, mezzanine debt (subordinated unsecured loans), and occasionally, preferred and common equity investments. These investments are spread across various industries and sectors, ensuring a well-diversified portfolio.
Ares Capital's core business revolves around providing direct loans and other financial solutions to high-quality borrowers who require capital to achieve their business objectives. This often contributes to economic growth and job creation. The company leverages its extensive direct origination capabilities and strong relationships with incumbent borrowers to source and underwrite primarily senior secured loans, as well as subordinated debt and equity investments.
As a Business Development Company (BDC), Ares Capital is subject to regulatory requirements designed to protect investors. It is the largest publicly traded BDC by market capitalization as of the latest updates. The company is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager.
Recent updates include the announcement of Ares Capital's third-quarter earnings report for 2023, scheduled for release on October 24, 2023. The company invites interested parties to join a webcast/conference call on the same day. Furthermore, Ares Capital has been highlighted as an undervalued stock by BetterInvesting Magazine's January 2024 issue.
For more detailed information and to stay updated with the latest developments, visit the Investor Resources section on their official website.
Ares Capital Corporation (NASDAQ: ARCC) announced that CEO Kipp deVeer will present at the Barclays Virtual Global Financial Services Conference on September 14, 2021, at 11:15 am EDT. The presentation will be accessible via a live audio webcast on the company's website, with a replay available until September 14, 2022. Founded in 2004, Ares Capital specializes in direct loans to private middle-market companies in the U.S., focusing on high-quality borrowers. As of June 30, 2021, Ares Capital is the largest BDC by market capitalization.
Ares Capital Corporation (Nasdaq: ARCC) plans to publicly offer 12,500,000 shares of its common stock, with an option for underwriters to purchase an additional 1,875,000 shares. This offering is conducted under a shelf registration statement effective since June 3, 2021. Proceeds will be used to repay existing debts and for general corporate purposes, including investments in portfolio companies. The offering is managed by several leading financial institutions, including Morgan Stanley and BofA Securities.
Ares Capital Corporation (ARCC) has declared a third-quarter dividend of $0.41 per share, up from $0.40 in the prior quarter. This dividend is payable on September 30, 2021, to shareholders of record as of September 15, 2021. For Q2 2021, Ares reported a core EPS of $0.53 and GAAP net income of $478 million, representing an increase from $277 million in Q2 2020. The company achieved record NAV per share and substantial investment activity, committing $4.8 billion during the quarter, with a debt/equity ratio of 1.16.
Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for Q2 2021 on July 28, 2021, before the market opens. A conference call will occur at 12:00 p.m. ET the same day, allowing interested parties to discuss the financial results. The call can be accessed via telephone or live webcast, with instructions provided on Ares Capital's website. Founded in 2004, Ares Capital focuses on lending to private middle market companies in the U.S., aiming to produce income and capital appreciation for investors.
Ares Capital Corporation (Nasdaq: ARCC) has priced a public offering of $850 million in 2.875% notes due June 15, 2028. The notes can be redeemed at Ares Capital's option at any time at par with a potential make-whole premium. The offering is led by several financial institutions and is expected to close on June 10, 2021. The proceeds will be used to repay outstanding debt under its facilities and for general corporate purposes, including investments in portfolio companies. Investors are advised to review the accompanying prospectus and consider the investment risks.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Michael Smith will present at the Deutsche Bank 11th Annual Financial Services Conference on June 1, 2021, at 12:40 PM EDT. The presentation will be available via a live audio webcast on the company's website. Ares Capital is a leading specialty finance company focusing on direct loans to private middle-market firms in the U.S. It aims to generate current income and capital appreciation for investors, operating as the largest business development company by market capitalization as of March 31, 2021.
Ares Capital Corporation (NASDAQ: ARCC) has declared a second quarter dividend of $0.40 per share, payable on June 30, 2021. The company reported strong financial results for Q1 2021, including a GAAP net income of $373 million or $0.87 per share, and a core EPS of $0.43. Total assets stood at $16 billion with a net asset value per share of $17.45. Ares Capital made $1.8 billion in new investment commitments in Q1, highlighting a robust portfolio that continues to thrive amidst economic recovery.
Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for Q1 2021 on April 28, 2021, before the Nasdaq opens. A conference call and webcast will be held at 11:00 a.m. ET on the same day to discuss the financial results. Ares Capital focuses on providing direct loans and investments in middle market companies in the U.S., aiming to generate income and capital appreciation. As of March 31, 2021, it is the largest business development company by market capitalization. Risks include COVID-19 impacts and market volatility affecting performance.
Ares Capital Corporation (NASDAQ:ARCC) announced that CEO Kipp deVeer will present at the 2021 RBC Capital Markets Financial Institutions Conference on March 9, 2021, at 4:00 pm EST. A live audio webcast will be available on the company’s website for those interested. Established in 2004, Ares Capital is a premier specialty finance company focusing on direct loans to private middle market companies in the U.S., aiming to deliver attractive income and capital appreciation for investors.
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