Ares Capital Corporation (ARCC)

20.59 +0.17 (+0.83%) At close: 04:00PM EDT

Ares Capital Corporation

2000 Avenue of the Stars
12th Floor
Los Angeles, CA 90067-4733
United States
310 201 4100
https://www.arescapitalcorp.com

Sector(s): Financial Services
Industry: Asset Management
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Michael J. Arougheti	Co-Chairman & Executive VP	N/A	N/A	1972
Mr. Bennett Rosenthal	Co-Founder & Co-Chairman	N/A	N/A	1963
Mr. Robert Kipp DeVeer III	CEO & Director	N/A	N/A	1973
Mr. Mitchell S. Goldstein CPA	Co-President	N/A	N/A	1967
Mr. Kort Schnabel	Co-President, Partner & Co-Head of U.S. Direct Lending	N/A	N/A	1978
Mr. Scott C. Lem	CFO & Treasurer	N/A	N/A	1978
Ms. Jana Markowicz	Chief Operating Officer	N/A	N/A	1982
Mr. Won Jae Cho	Chief Accounting Officer	N/A	N/A	1983
Mr. John W. Stilmar	Partner & Co-Head of Public Markets Investor Relations	N/A	N/A	N/A
Mr. Joshua M. Bloomstein J.D.	VP, General Counsel & Secretary	N/A	N/A	1974

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.

Corporate Governance

Ares Capital Corporation’s ISS Governance QualityScore as of April 1, 2024 is 7. The pillar scores are Audit: 6; Board: 9; Shareholder Rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.