NASDAQ:ARCC

Ares Capital Corporation Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, HOME, ARCC, International, Investment, Capital, Convertible, Ares Management, SDLP, Security (finance), Webcast, Result, Documentation, Analysis, Eastern Time Zone, Line of credit, ID, Home, Credit, Sumitomo Mitsui Banking Corporation, Letter, Telephone, Note

In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.

Key Points: 
  • In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.
  • Also in the first quarter of 2024, Ares Capital funded approximately $396 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • The first quarter 2024 dividend was paid on March 29, 2024 to stockholders of record as of March 15, 2024.
  • Ares Capital will host a webcast/conference call on Wednesday, May 1, 2024 at 10:00 a.m. (Eastern Time) to discuss its quarter ended March 31, 2024 financial results.

Ares Capital Corporation Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, February 7, 2024
Asset Management, Professional Services, Finance, Security (finance), Home, SDLP, International, Rule, Telephone, Note, Capital, HOME, Investment, ARCC, Documentation, ID, Sale, Letter, Result, Webcast, Eastern Time Zone, Analysis

In the fourth quarter of 2023, Ares Capital made new investment commitments of approximately $2.4 billion, of which approximately $1.6 billion were funded.

Key Points: 
  • In the fourth quarter of 2023, Ares Capital made new investment commitments of approximately $2.4 billion, of which approximately $1.6 billion were funded.
  • Also in the fourth quarter of 2023, Ares Capital funded approximately $297 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • On October 24, 2023, Ares Capital announced that its Board of Directors declared a fourth quarter 2023 dividend of $0.48 per share for a total of approximately $280 million.
  • The fourth quarter 2023 dividend was paid on December 28, 2023 to stockholders of record as of December 15, 2023.

Ares Capital Corporation Prices Public Offering of $1.00 Billion 5.875% Unsecured Notes Due 2029

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Finance, Madison Avenue, ATTN:, RBC Capital Markets, Ares Management, Prospectus, CIBC, BofA Securities, Sale, Market, Goldman Sachs, BNP Paribas, Ares, J.P. Morgan & Co., Wells Fargo, MUFG, Security (finance)

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
  • Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing.

Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer

Retrieved on: 
Thursday, November 9, 2023
Asset Management, Professional Services, Finance, BBX Capital Corporation, Ares Management, Ares, MBA, Ernst & Young, Ernst, Growth, Business administration, Partnership, Business, Marshall School, University of Southern California, Virtual CFO, Arthur Andersen, UCLA, CFO, Anderson School of Management, University, USC Marshall School of Business, Management

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital’s Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024.

Key Points: 
  • Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital’s Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024.
  • Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital’s Chief Financial Officer, effective the same date.
  • Roll, who also serves as the Chief Financial Officer of Ares Management Corporation’s (“Ares”) Credit Group, will remain an officer of Ares Capital and at Ares in a senior leadership capacity.
  • Since joining Ares in 2003, Mr. Lem has served in a number of senior finance and accounting roles, both at Ares Capital and in the Ares Credit Group.

BetterInvesting™ Magazine Update on Gentex Corp. and Ares Capital Corp.

Retrieved on: 
Monday, October 30, 2023
Gentex, Ares Management, Committee, NAIC, Emotion, CFA, Undervalued stock, GNTX, National Association, Cryptocurrency, Security (finance)

TROY, Mich., Oct. 30, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Gentex Corp .

Key Points: 
  • TROY, Mich., Oct. 30, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Gentex Corp .
  • (NASDAQ:GNTX) as its "Stock to Study" and Ares Capital Corp .
  • (NASDAQ: ARCC) as its "Undervalued Stock" in the January 2024 issue for investors' informational and educational use.
  • Non-members can utilize the limited, trial version of the BetterInvesting online stock selection and analysis tools to study the investment potential of Gentex Corp. and Ares Capital Corp. by viewing their fundamental data and applying judgments.

Ares Capital Corporation Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.48 Per Share

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Finance, Documentation, HOME, Sale, SDLP, Security (finance), Result, Eastern Time Zone, Ares Management, Home, Investment, Telephone, Securities and Exchange Commission of Pakistan, Note, Financial condition report, Webcast, Analysis, External commercial borrowing, Letter, Capital, Life insurance

In the third quarter of 2023, Ares Capital made new investment commitments of approximately $1.6 billion, of which approximately $1.2 billion were funded.

Key Points: 
  • In the third quarter of 2023, Ares Capital made new investment commitments of approximately $1.6 billion, of which approximately $1.2 billion were funded.
  • Also in the third quarter of 2023, Ares Capital funded approximately $241 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • The third quarter 2023 dividend was paid on September 29, 2023 to stockholders of record as of September 15, 2023.
  • Ares Capital will host a webcast/conference call on Tuesday, October 24, 2023 at 12:00 p.m. (Eastern Time) to discuss its quarter ended September 30, 2023 financial results.

Ares Capital Corporation Prices Public Offering of $600 Million 7.000% Unsecured Notes Due 2027

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Finance, ATTN:, Market, Ares Management, Barclays Capital Inc. v. Theflyonthewall.com, Inc., MUFG, Park Avenue, China International Capital Corporation, BofA Securities, SMBC Nikko Securities, J.P. Morgan & Co., Goldman Sachs, Regional Security Officer, Sale, RBC Capital Markets, BNP Paribas, Prospectus, Wells Fargo, Madison Avenue, CIBC, Security (finance), Ares, PPM America, Inc.

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.
  • The notes will mature on January 15, 2027 and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.

GM Financial Reports Second Quarter 2023 Operating Results

Retrieved on: 
Tuesday, July 25, 2023
Finance, Banking, Professional Services, General Automotive, Automotive, Line of credit, Credit, GM, Cryptocurrency, Bank

GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $571 million for the quarter ended June 30, 2023, compared to $584 million for the quarter ended March 31, 2023, and $829 million for the quarter ended June 30, 2022.

Key Points: 
  • GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $571 million for the quarter ended June 30, 2023, compared to $584 million for the quarter ended March 31, 2023, and $829 million for the quarter ended June 30, 2022.
  • Retail loan originations were $9.1 billion for both the quarters ended June 30, 2023 and March 31, 2023, compared to $9.0 billion for the quarter ended June 30, 2022.
  • Operating lease originations were $4.6 billion for the quarter ended June 30, 2023, compared to $3.9 billion for both the quarters ended March 31, 2023 and June 30, 2022.
  • Annualized net charge-offs were 0.8% of average retail finance receivables for the quarter ended June 30, 2023 and 0.6% for the quarter ended June 30, 2022.

Ares Capital Corporation Announces June 30, 2023 Financial Results and Declares Third Quarter 2023 Dividend of $0.48 Per Share

Retrieved on: 
Tuesday, July 25, 2023
Professional Services, Finance, External commercial borrowing, Rule, Standby Equity Distribution Agreement, Result, Eastern Time Zone, Ares Management, Telephone, Financial condition report, Line of credit, HOME, SOFR, Securities and Exchange Commission (Nigeria), Sale, SDLP, Documentation, Home, Investment, Analysis, Capital, Webcast, Security (finance), Letter, Credit, ARCC

In the second quarter of 2023, Ares Capital made new investment commitments of approximately $1.2 billion, of which approximately $1.0 billion were funded.

Key Points: 
  • In the second quarter of 2023, Ares Capital made new investment commitments of approximately $1.2 billion, of which approximately $1.0 billion were funded.
  • Also in the second quarter of 2023, Ares Capital funded approximately $315 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • The second quarter 2023 dividend was paid on June 30, 2023 to stockholders of record as of June 15, 2023.
  • Ares Capital will host a webcast/conference call on Tuesday, July 25, 2023 at 11:00 a.m. (Eastern Time) to discuss its quarter ended June 30, 2023 financial results.

Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2023

Retrieved on: 
Thursday, July 6, 2023
Banking, Asset Management, Professional Services, Finance, Telephone, Webcast, Labour-sponsored venture capital corporation, Eastern Time Zone, Home, Ares Management, Person, Cryptocurrency, Online shopping

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2023 on Tuesday, July 25, 2023 prior to the opening of the Nasdaq Global Select Market.

Key Points: 
  • Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2023 on Tuesday, July 25, 2023 prior to the opening of the Nasdaq Global Select Market.
  • Ares Capital invites all interested persons to attend its webcast/conference call at 11:00 a.m. (Eastern Time) on the same day to discuss its second quarter ended June 30, 2023 financial results.
  • All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.
  • An archived replay will also be available through August 22, 2023 on a webcast link located on the Home page of the Investor Resources section of Ares Capital’s website.