Ares Commercial Finance announced that Ian Maccubbin has joined its Business Development and Underwriting teams as a Principal. Maccubbin will be based in Boston and will assist in covering the Northeast market, where he will have cross-functional...
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January 08, 2024, 08:02 AM
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Ares Capital Corporation announced 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...
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November 10, 2023, 07:52 AM
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Ares Capital Corporation announced that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role, Ms. Markowicz will also serve as COO of Ares Management’s (“Ares”) U.S. Direct Lending strategy where she will...
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January 20, 2023, 08:06 AM
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Ares Capital Corporation announced that it plans to make a public offering of 8,000,000 shares of its common stock. Ares Capital also plans to grant the underwriters an option to purchase up to an additional 1,200,000 shares of common stock. The...
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November 08, 2022, 08:00 AM
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Ares Capital Corporation announced that Kort Schnabel was appointed as Co-President. Concurrently, Michael Smith stepped down as Co-President and has been appointed to the Ares Capital Board of Directors. Mr. Smith will continue to serve as a member...
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October 26, 2022, 08:00 AM
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Ares Capital Corporation increased commitments under its Revolving Credit Facility to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo...
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April 05, 2022, 08:07 AM
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Ares Capital Corporation announced that Mary Beth Henson has joined its Board of Directors as an independent director. The Board has been expanded from nine to 10 members, including six independent directors.Ms. Henson served as Chief Financial...
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March 10, 2022, 07:04 AM
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Ares Capital Corporation announced that it has increased commitments under its Revolving Credit Facility (the Facility) to approximately $3.6 billion and extended the final maturity date to March 30, 2025. The Facility was led by JP Morgan, Bank of...
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March 31, 2020, 09:15 AM
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Ares Capital Corporation announced that it issued an open letter to its stakeholders regarding a business update amid the coronavirus pandemic.The full text of the letter follows:Dear Stakeholder,With the global outbreak of COVID-19, we are making...
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March 26, 2020, 09:20 AM
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Ares Capital Corporation amended and restated its senior secured credit facility, among the Registrant, the lenders party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent. The A&R Credit Facility, among other things, (a) extends...
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April 06, 2018, 07:33 AM
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Ares Capital Corporation announced that it has increased its total borrowing capacity in conjunction with the closing of its previously announced acquisition of American Capital, Ltd. Ares Capital increased its total debt facility capacity from $2.2...
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January 05, 2017, 10:00 AM
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