BDC Quick Recap: Ares Capital (ARCC)
BDC Quick Recap: Ares Capital (ARCC) as of December 31st, 2022
Ares Capital (ARCC) filed its earnings this morning and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Ares Capital (ARCC) for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $22.04B |
| # of Investments | 1,021 |
| Total unused commitments to extend financing | $2.39B |
| Portfolio Companies | 445 |
| Portfolio Composition | |
|---|---|
| First Lien | 46.38% |
| Second Lien | 19.10% |
| Equity and Other | 34.50% |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
New Investments Stats
| New Volume | $9.87B |
| Exits and Sales | $7.95B |
| Net New Volume | $1.92B |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Portfolio Credit Quality
| Non-Accruals Cost | $373.2M |
| # of Non-Accruals | 15 |
| # of Portfolio at Cost | 1.70% |
| New Non-Accruals | Olympia Acquisitions Inc, Supply Source Enterprises |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Neptune Bidco US Inc and Elliott Metron Co-Investor Aggregator LP | Second Lien Senior Secured Loan | Commercial & Professional Services | $221.3M | 10/31/2029 | S+975 |
| Hanger Inc | Second Lien Senior Secured Loan | Health Care Services | $110.6M | 10/31/2029 | S+975 |
| Avalara Inc | First Lien Senior Secured Loan | Software & Services | $72.2M | 10/31/2028 | S+725 |
| Faraday Buyer LLC | First Lien Senior Secured Loan | Automobiles & Components | $52.2M | 10/31/2028 | S+700 |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Padres LP | First Lien Senior Secured Loan | Media & Entertainment | $92.8M | 3/31/2027 | L+500 |
| Mac Lean-Fogg Company and MacLean-Fogg Holdings LLC | First Lien Senior Secured Loan | Automobiles & Components | $84.8M | 12/31/2025 | L+475 |
| KC Culinarte Intermediate LLC | Second Lien Senior Secured Loan | Food & Beverage | $35.7M | 8/31/2026 | L+775 |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
