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)
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