Ares Capital CORP: insider trades · United States · SEC (Form 4)

About Ares Capital CORP

Ares Capital Corporation (ARCC) is a U.S.-based Business Development Company (BDC) listed on the NASDAQ Global Select Market in the United States. For French-speaking investors, it is best viewed as one of the core U.S. private credit and direct-lending vehicles focused on financing middle-market companies. The company was founded on April 16, 2004, was initially funded in June 2004, and completed its IPO on October 8, 2004. Its strategy is built around permanent capital, long-term lending relationships, and the ability to deliver fast execution and flexible financing solutions to private companies and financial sponsors. Operationally, ARCC’s business centers on providing debt capital to U.S. middle-market borrowers, with select equity exposure in certain transactions. Its core products include first-lien senior secured loans, unitranche loans, second-lien loans, subordinated debt, mezzanine-style financing, recapitalizations, acquisitions, growth capital, refinancing, rescue financing, and restructuring situations. The company also participates in capital markets activities for its own account and may occasionally invest in syndicated or club transactions. This broad toolkit allows ARCC to address a wide range of financing needs while maintaining a disciplined risk-return framework. ARCC’s competitive position is supported by the broader Ares Management platform, under which it is externally managed. That affiliation gives ARCC access to origination channels, market intelligence, due diligence resources, research capabilities, and substantial capital markets experience. The company describes itself as one of the largest direct lenders in the U.S., and its scale is reinforced by a sizable, diversified portfolio. As of March 31, 2026, its portfolio had a fair value of approximately $29.5 billion and included 607 portfolio companies backed by 264 different private equity sponsors, underscoring its critical mass in U.S. private credit. In terms of geography, ARCC is primarily U.S.-focused, although the broader Ares platform is global and some portfolio exposures can extend beyond the domestic market. Its preferred industries include software and services, health care services, commercial and professional services, insurance services, and consumer services. Recent highlights include the company’s April 28, 2026 announcement of first-quarter 2026 results and a second-quarter 2026 dividend of $0.48 per share, followed by a May 4, 2026 public offering of $800 million of 5.550% unsecured notes due 2030. Overall, ARCC offers investors a large-scale U.S. private credit platform with income orientation, diversified exposure, and sensitivity to the financing cycle of middle-market borrowers.