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.
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Ares Capital Corporation (Nasdaq: ARCC) announced a public offering of 9,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The offering utilizes Ares Capital’s existing shelf registration statement filed with the SEC. Major underwriters include Morgan Stanley, BofA Securities, and UBS Investment Bank. The net proceeds are expected to reduce outstanding debt and potentially support general corporate activities. Investors should review the preliminary prospectus for details on risks and investment objectives.
Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the fourth quarter and fiscal year ending December 31, 2022, on February 7, 2023, before the market opens. A webcast and conference call will take place at 12:00 p.m. (Eastern Time) the same day to discuss the financial results. Ares Capital focuses on providing financing to private middle market companies, aiming for attractive current income and capital appreciation for investors. Ares Capital is the largest publicly traded business development company by market capitalization as of December 31, 2022.
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Ares Capital Corporation (NASDAQ: ARCC) has announced a public offering of 8,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering will utilize Ares Capital's shelf registration statement effective since June 3, 2021. The net proceeds will be used to repay outstanding debt, with potential re-borrowing for general corporate purposes. This offering may impact existing shareholders due to dilution. Major banks involved include Morgan Stanley, BofA Securities, and UBS Investment Bank.
Ares Capital Corporation (NASDAQ: ARCC) has appointed Kort Schnabel as Co-President, while Michael Smith transitions to the Board of Directors. Schnabel, a longstanding member of Ares since 2001, was pivotal in the firm's U.S. direct lending strategy. CEO Kipp deVeer emphasizes Schnabel's critical role in the company’s growth. The Board welcomes Smith, highlighting his contributions since Ares’ 2004 IPO, during which the company has achieved nearly double the stock-based returns of the S&P 500. Ares Capital focuses on private middle-market investments to generate attractive returns.
Ares Capital Corporation (NASDAQ: ARCC) declared a fourth quarter dividend of $0.48 per share, payable on December 29, 2022, with record date on December 15, 2022. The company reported a Q3 2022 core EPS of $0.50, up from $0.47 in Q3 2021, while GAAP net income per share decreased to $0.21 from $0.73. Total net investment income was $288 million, compared to $184 million year-over-year. Ares capital made new investment commitments of $2.2 billion in Q3 2022, indicating strong activity despite market conditions.
Ares Capital Corporation (NASDAQ: ARCC) will report its third quarter earnings for the period ending September 30, 2022 on October 25, 2022, before the market opens. A conference call is scheduled for 10:00 a.m. (ET) on the same day to discuss the results. Investors can access the call via telephone or through a live webcast on Ares Capital's website. The company, which focuses on private middle-market lending, is the largest publicly traded BDC by market capitalization.
Summary not available.
Ares Capital Corporation (NASDAQ: ARCC) has announced a public offering of 8,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering will utilize the company's shelf registration statement filed with the SEC on June 3, 2021. Proceeds from the offering are intended to repay certain outstanding debts, with potential reborrowing for general corporate purposes. Investors should review the preliminary prospectus and accompanying prospectus for comprehensive details on investment objectives and associated risks.