BDC Quick Recap: Ares Capital (ARCC)
BDC Quick Recap: Ares Capital (ARCC) as of June 30th, 2023
Ares Capital (ARCC) filed its earnings Tuesday 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 June 30th, 2023.
Portfolio Stats
| FMV | $21.5B |
| # of Investments | 1,161 |
| Total unused commitments to extend financing | $1.86B |
| Portfolio Companies | 456 |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Portfolio Composition
| First Lien | 42.90% |
| Second Lien | 1.60% |
| Equity and Other | 55.50% |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Portfolio Credit Quality
| Non-Accruals Cost | $444.0M |
| # of Non-Accruals | 20 |
| % of Portfolio at Cost | 2.05% |
| New Non-Accruals | Singer Sewing Company |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| FlyWheel Acquireco Inc | First Lien Senior Secured Loan | Commercial and Professional Services | $52.6M | 5/31/1930 | S+650 |
| Vobev LLC and Vobev Holdings LLC | First Lien Senior Secured Loan | Materials | $49.6M | 4/30/2028 | S+700 |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
Exits and Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| HAI Acquisition Corporation and Aloha Topco LLC | First Lien Senior Secured Loan | Commercial and Professional Services | $60.4M | 11/30/2025 | S+600 |
| K2 Insurance Services LLC and K2 Holdco LP | First Lien Senior Secured Loan | Insurance Services | $50.3M | 7/31/2026 | L+500 |
Source: SOLVE Fixed Income, Ares Capital (ARCC)
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