Experienced Leadership.
One-Stop Financing.
Dependable Partner.

Ares Capital Corporation (NASDAQ: ARCC) is a market-leading Business Development Company and one of the largest direct lenders in the U.S.⁽¹⁾ Our dynamic global platform combines powerful origination capabilities and extensive knowledge to deliver comprehensive solutions to meet the distinct and underserved financing needs of private middle-market companies across a wide range of industries. As a patient, long-term investor with permanent capital, we are able to hold large positions and have the ability to offer sponsors and management teams enhanced certainty of execution.

Our Scale

Ares Capital is a market-leading Business Development Company and one of the largest direct lenders in the U.S.⁽¹⁾

We have elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. Our common stock is publicly traded on The NASDAQ Global Select Market under the ticker symbol "ARCC".

Ares Capital is able to leverage the power of the broader Ares platform to access resources, relationships and significant capital markets, trading and research experience to provide ARCC with attractive investment opportunities.

Experience

The partners and investment committee members for Ares Capital's investment adviser possess an average of over 26 years of relevant experience.

Our Investment Approach

We invest across a range of industries, targeting market-leading companies with a history of stable cash flows, demonstrated competitive advantages, identifiable growth prospects, and experienced management teams. Our investment strategy focuses on:

• Intensive due diligence
• Structuring expertise
• Disciplined underwriting
• Active portfolio management
• Agenting or leading transactions

Our Channels and Partners

Financial Sponsors

We directly cover financial sponsors and commit debt and equity capital.

Direct Investments

We have direct relationships with management teams, entrepreneurs, family offices and small deal sponsors seeking capital, as well as interfacing through intermediaries.

Capital Markets

We underwrite for our own investment, syndicate middle market loans, and occasionally invest in syndicated/club transactions.

Our Investments

Types of Investments:

Revolver, first lien, second lien, stretch senior, unitranche, subordinated loans, private/public high yield, non-control equity

Transaction Types:

Leveraged Buyouts
Acquisitions
Recapitalizations
Growth Capital
General Refinancing
Project Finance/Power Generation
Rescue Financing
Restructurings

Target Investment Characteristics*:

Commitment & Hold Range⁽²⁾ :

$30 - $500 million (Corporate)
$10 - $200 million (Project Finance/Power Generation)

EBITDA Range:

$10 - $250 million (Corporate only)

Sectors We Invest In:

Primary Industries

Health Care Services
Software & Services
Commercial & Professional Services
Consumer Services
Consumer Durables & Apparel

Project Finance

Power generation projects
Energy efficiency projects
Energy services

Potential Benefits to Investors, Portfolio Companies and Financial Sponsors

For Investors:

Dedicated and experienced professionals
Access to relationships, market intelligence, deal flow, research, infrastructure, due diligence and expertise of the broader Ares Management Corporation platform
Opportunities for shareholder returns generated through net interest and dividends from investments, fee income, and, in some cases, net capital gains from equity investments
Long-term and short-term strategies focused on maximizing relative value through economic cycles
Multi-asset class track record and experience
Disciplined growth with a focus on long-term value creation and capital preservation