Ares Capital Corporation

Ares Capital Corporation is a business development company specializing in acquisition recapitalization mezzanine debt restructurings rescue financing and leveraged buyout transactions of middle market companies It also makes growth capital and general refinancing It prefers to make investments in companies engaged in the basic and growth manufacturing business services consumer products health care products and services and information technology service sectors The fund will also consider investments in industries such as restaurants retail oil and gas and technology sectors It focuses on investments in Northeast MidAtlantic Southeast and Southwest regions from its New York office the Midwest region from the Chicago office and the Western region from the Los Angeles office The fund typically invests between 20 million and 200 million and a maximum of 400 million in companies with an EBITDA between 10 million and 250 million It makes debt investments between 10 million and 100 million The fund invests through revolvers first lien loans warrants unitranche structures second lien loans mezzanine debt private high yield junior capital subordinated debt and noncontrol preferred and common equity The fund also selectively considers thirdpartyled senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions The fund prefers to be an agent andor lead the transactions in which it invests The fund also seeks board representation in its portfolio companies