Ares Capital Corp

NASDAQ: ARCC
$20.78
+$0.15 (+0.7%)
Closing price April 26, 2024
Ares Capital Corporation is a finance powerhouse focusing on helping mid-sized companies grow or navigate through changes. It offers a wide range of financial solutions, including loans for buyouts, growth capital, and refinancing. With a keen interest in sectors like manufacturing, healthcare, consumer products, and technology, Ares Capital is not just about lending money. It often takes a seat at the table, guiding companies in the Northeast, Mid-Atlantic, Southeast, Southwest, Midwest, and Western regions of the U.S. from its offices in New York, Chicago, and Los Angeles. Investments typically range from $20 million to $400 million, showing its commitment to fostering substantial growth and transformation.
JPMorgan sees the market for the top high-yield business development companies (BDCs) remaining smooth, as first-quarter results should be solid.
Business development companies offer multiple levels of financing and investments in other smaller companies. They are favored by more aggressive income investors as they offer high payouts.
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