On January 9, 2023, Ares Capital Corporation and ARCC FB Funding LLC, a wholly owned subsidiary of the Company, amended the document governing its revolving funding facility by entering into a Fourth Amendment to the Revolving Credit and Security Agreement. The Amendment among other things increased the commitments under the facility by $200 million, from $300 million to $500 million and adjusted the interest rate charged on the BNP Funding Facility from an applicable LIBOR or a "base rate" plus a margin of 1.80% during the reinvestment period and 2.30% following the reinvestment period to an applicable SOFR or a "base rate" plus a margin of 2.30% during the reinvestment period and 2.80% following the reinvestment period. The other terms of the BNP Funding Facility remained materially unchanged.
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5-day change | 1st Jan Change | ||
20.8 USD | -0.43% | +0.92% | +3.84% |
05-02 | B. Riley Securities Lifts Ares Capital's PT to $20.50 From $20, Keeps Neutral Rating | MT |
05-02 | Oppenheimer Adjusts Ares Capital Price Target to $22 From $21 | MT |
EPS Revisions
1st Jan change | Capi. | |
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+3.84% | 12.7B | |
+12.72% | 9.46B | |
+9.73% | 5.67B | |
-2.85% | 5.44B | |
+8.25% | 5.31B | |
+13.99% | 4.49B | |
+16.48% | 4.46B | |
+1.85% | 4.07B | |
+5.44% | 3.92B | |
-1.09% | 3.22B |
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- Ares Capital Corporation and ARCC FB Funding LLC Amend Fourth Amendment to the Revolving Credit and Security Agreement