BDCs

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.

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