Ares Capital Stock Price, News & Analysis

Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of 13,500,000 shares of its common stock, with an option for underwriters to purchase an additional 2,025,000 shares. The offering is registered under a shelf registration statement effective since September 16, 2020. Proceeds from the offering will be utilized to repay outstanding debt, with potential reborrowing for general corporate purposes. The offering is managed by BofA Securities, Morgan Stanley, and Wells Fargo.

Ares Capital Corporation has announced a dividend of $0.40 per share for Q1 2021, payable on March 31, 2021. For the fourth quarter ended December 31, 2020, the company reported GAAP net income of $378 million ($0.89 per share) and Core EPS of $0.54. The total assets reached $16.2 billion, with a portfolio fair value of $15.5 billion. Ares Capital made significant new investment commitments totaling $3.9 billion in Q4 2020, with a weighted average yield of 8.0%. Despite challenges from the COVID-19 pandemic, the firm maintains a strong investment portfolio and balance sheet.

Ares Capital Corporation (NASDAQ:ARCC) announced the tax treatment of its 2020 common stock distributions. The total distribution paid per share is $1.60, with ordinary income at $0.4000 per share for each quarter. The record dates and payable dates for distributions are provided, with a notable ordinary income rate of up to 90.3327%. None of the distributions qualify as capital gain dividends. The press release emphasizes the importance of consulting tax advisors for individualized guidance.

Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the fourth quarter and fiscal year ended December 31, 2020 on February 10, 2021, before the Nasdaq opens. The company invites all interested parties to its webcast/conference call at 12:00 p.m. (ET) to discuss the financial results. Ares Capital is a leading specialty finance company focused on providing debt and equity financing to U.S. middle market firms and power generation projects. It is the largest business development company by market capitalization.

Ares Capital Corporation (Nasdaq: ARCC) has announced a public offering of $650.0 million in 2.150% notes due 2026, set to mature on July 15, 2026. These notes can be redeemed at Ares Capital's option, subject to a make-whole premium. The offering is managed by major financial institutions and is expected to close on January 13, 2021, pending regulatory approval. The proceeds will primarily be utilized to pay down existing debt, supporting Ares Capital's investment objectives focused on middle-market companies and power generation projects.

Ares Capital Corporation (NASDAQ: ARCC) announced that CEO Kipp deVeer will present at Fitch Ratings’ Inaugural Business Development Company Virtual Conference on November 18, 2020, at 1:00 pm EST. A live audio webcast of the presentation will be accessible via the Investor Resources section of the company’s website. For those unable to attend live, a replay will be available post-event. Ares Capital is the largest business development company by market capitalization and focuses on providing debt and equity financing solutions to U.S. middle market companies.

Ares Capital Corporation (NASDAQ:ARCC) declared a fourth quarter dividend of $0.40 per share, payable on December 30, 2020. For Q3 2020, the company reported GAAP net income of $441 million or $1.04 per share, with a Core EPS of $0.39. Total assets reached $15 billion, while stockholders’ equity was $7 billion. The firm made new investment commitments of $706 million during the quarter, focusing primarily on first lien senior secured loans. Despite challenges from the COVID-19 pandemic, Ares Capital remains focused on maintaining a strong balance sheet.

Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the third quarter ended September 30, 2020, on Tuesday, October 27, 2020, before the Nasdaq opens. A conference call will be held at 12:00 p.m. ET to discuss the financial results. Interested parties can join via telephone or through a live webcast available on Ares Capital's website. An archived replay will be accessible until November 10, 2020. Ares Capital is the largest business development company by market capitalization and total assets, focusing on debt and equity financing solutions for U.S. middle-market companies.