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Ares Capital Corporation (ARCC)

19.11 -0.01 (-0.05%)
At close: 4:00:01 PM EDT
19.08 -0.03 (-0.14%)
After hours: 5:27:24 PM EDT
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Updated 12m ago
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Ares Capital is pursuing a transaction to acquire MidCap Financial Investment Corporation, adding more than 200 portfolio companies and expanding its investment base beyond $31 billion. The deal follows third-quarter results that showed lower earnings, modestly weaker credit metrics, and a quarterly dividend above core earnings, partly offset by substantial spillover income and strong liquidity.

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