Welcome to our dedicated page for Ares Capital news (Ticker: ARCC), a resource for investors and traders seeking the latest updates and insights on Ares Capital stock.
Ares Capital Corporation (NASDAQ: ARCC) is a specialty finance company and business development company (BDC) that focuses on providing direct loans and other investments to private middle market companies in the United States. Founded in 2004, the company seeks to generate current income and capital appreciation through a diversified portfolio of senior secured loans, subordinated debt, preferred equity, and common equity. Its news flow reflects both its role as a large publicly traded BDC and its active presence in the private credit markets.
On this page, readers can follow ARCC news related to quarterly and annual earnings releases, dividend declarations, and portfolio performance updates. Ares Capital regularly issues press releases announcing financial results for each quarter, including measures such as net investment income, GAAP net income, and Core EPS, along with details on portfolio yields, asset class mix, and loans on non-accrual status. These announcements often highlight trends in new investment commitments, exits of commitments, and relationships with private equity sponsors across its portfolio.
News coverage for Ares Capital also includes information on capital markets activity, such as public offerings of unsecured notes with long-dated maturities and amendments to revolving credit and funding facilities. The company discloses how it expects to use net proceeds from note offerings, typically to repay outstanding indebtedness under its debt facilities with the ability to reborrow for general corporate purposes, including investing in portfolio companies in line with its investment objective.
Investors tracking ARCC can use this news feed to monitor dividend declarations by the Board of Directors, special stockholder meeting results related to share issuance authorizations, and other material events reported in Form 8-K filings. Regular updates on liquidity, leverage, and portfolio composition provide additional context for understanding how Ares Capital manages its balance sheet and supports its direct lending strategy over time.
Ares Capital (NASDAQ: ARCC) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will report its financial results for the quarter ended September 30, 2024, on Wednesday, October 30, 2024, before the Nasdaq Global Select Market opens. A webcast/conference call will be held at 12:00 p.m. (Eastern Time) on the same day to discuss the results.
Interested parties can join via telephone or live webcast. The webcast link will be available on the Investor Resources section of Ares Capital's website. Domestic callers can dial +1 (800) 245-3047, while international callers can use +1 (203) 518-9765. Participants should dial in 10-15 minutes early and reference the conference ID ARCCQ324.
An archived replay of the call will be accessible until November 30, 2024, at 5:00 p.m. (Eastern Time) via phone and the company's website.
Ares Capital (NASDAQ: ARCC) announced financial results for Q2 2024 and declared a Q3 2024 dividend of $0.48 per share. Key highlights include:
- GAAP net income of $0.52 per share
- Core EPS of $0.61, up from $0.58 in Q2 2023
- Net investment income of $358 million ($0.58 per share)
- Portfolio investments at fair value increased to $24.97 billion
- Made new investment commitments of $3.9 billion
- Maintained a stable debt-to-equity ratio of 1.06x
The company reported strong year-over-year growth in Core EPS and net asset value per share, driven by increased investment activity and solid credit fundamentals.
Ares Capital (NASDAQ: ARCC) will release its earnings report for the second quarter ending June 30, 2024, on July 30, 2024, before the Nasdaq Global Select Market opens.
There will be a webcast and conference call at 10:00 a.m. Eastern Time that day to discuss the financial results. Interested parties can join via a live webcast on the Investor Resources section of Ares Capital's website or by calling the provided toll-free and international numbers. An archived replay will be available one hour post-call through August 30, 2024.
Ares Capital (ARCC) will host an Investor Day on May 21, 2024, via a live video stream where the senior leadership team will provide business updates and outlook. The event will commence at 1:15 p.m. ET. Interested individuals can register on the company's website to access the presentation and stream, with a replay available afterward.
Ares Capital (ARCC) has priced a public offering of $850 million 5.950% unsecured notes due 2029. The notes mature on July 15, 2029, with options for redemption. Various institutions are involved in managing the offering. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in portfolio companies.
Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.
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