ARES - Ares Capital Corp. - Solid Q1 Boosted By Higher Interest Rates
Ares Capital Corp (Nasdaq:ARCC) is a leading Business Development Corporation ((BDC)) offering debt and equity capital to large and medium enterprises in a variety of sectors across the US. The company recently published encouraging Q1 results, with most key metrics improving on the previous quarter. Higher interest rates are
Company Overview
ARCC is the largest BDCs by market capitalization, with a total portfolio of $12.2bn (at fair value) with 360 portfolio companies. As of March-2018, the company's portfolio is composed of senior loans (46%), subordinated loans (40%) equity investments (13%), and CLO investments