Ares Capital Corporation Provides $375 Million Credit Facility to ATI
Ares Capital Corporation entered into a new credit agreement to provide $375 million in senior secured credit facilities to ATI, maturing in 2030.
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Ares Capital Corporation announced its financial results for the third quarter of 2026 and declared a fourth quarter dividend of $0.48 per share.
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Ares Capital Corporation entered into a new credit agreement to provide $375 million in senior secured credit facilities to ATI, maturing in 2030.
Analysts upgraded VF Corp, Hilton, Ares Capital, eBay and Wintrust Financial, raising targets for VF, Hilton, eBay and Wintrust.
Ares Capital announced a $2.6 billion acquisition of MidCap Financial Investment Corporation, adding over 200 portfolio companies to strengthen its direct lending platform. The company reported increased deal screening activity (25% year-over-year growth) and secured favorable debt financing with $750 million in unsecured notes at the lowest BDC spread. Management maintains confidence in dividend sustainability and positions the company well for future capital deployment.
Ares Capital agreed to acquire MidCap Financial for $2.6 billion in a cash-and-stock deal, paying $10.88 per share (30.1% premium). The merger will expand Ares Capital's portfolio to over $31 billion across 800+ companies, increase core earnings per share, and provide further support for its 10%+ dividend yield. While the deal introduces some risk from MidCap's recent dividend cut and credit weaknesses, it should strengthen Ares Capital's competitive position as a leading BDC.