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 reports recurring developments as a closed-ended specialty finance company focused on debt and equity investments. Its investment activity centers on first lien senior secured loans, including unitranche loans, second lien senior secured loans, subordinated loans, preferred equity and common equity investments.
Company news commonly covers quarterly operating and financial results, dividend declarations, portfolio investments at fair value, net asset value, leverage measures, new investment commitments, credit performance and non-accruing investments. Ares Capital also publishes tax reporting information for common stock distributions and schedules earnings releases and conference calls around its reporting cycle.
Ares Capital Corporation (ARCC) has priced a public offering of $700 million in aggregate principal amount of 3.200% notes due 2031. The notes will mature on November 15, 2031 and are redeemable at Ares Capital’s option at any time at par plus a make-whole premium. The offering is expected to close on November 4, 2021. Funds from this offering will be used to repay outstanding debt and for general corporate purposes, including investments in portfolio companies. Major underwriters include BofA Securities and J.P. Morgan.
Ares Capital Corporation (NASDAQ: ARCC) declared a fourth quarter dividend of $0.41 per share, payable on December 30, 2021. The company reported its Q3 2021 financial results, showing a core EPS of $0.47, up from $0.39 in Q3 2020. GAAP net income per share decreased to $0.73 from $1.04 year-over-year. The portfolio's fair value reached $17.7 billion, supported by robust new investments totaling $3.1 billion. Ares Capital maintained a debt/equity ratio of 1.17 and had $1.2 billion in cash as of September 30, 2021, reinforcing its financial flexibility and market position.
Ares Capital Corporation (ARCC) will report its third-quarter earnings for the period ending September 30, 2021, on October 26, 2021, prior to the Nasdaq opening. Following the report, a conference call will be held at 12:00 p.m. ET to discuss the results. Interested parties can join via phone or online. Ares Capital focuses on providing loans to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. As of September 30, 2021, it is the largest business development company by market capitalization.
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.
Summary not available.
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.