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News Breaks | | | | September 17, 2012 | | 08:06 EDT |  | ARCC, SMFG | Ares Capital increases size of revolving funding facility with Sumitomo Mitsui
Ares Capital (ARCC) announced that its wholly owned subsidiary, Ares Capital JB Funding LLC, has increased the size of its revolving funding facility with Sumitomo Mitsui Banking, an affiliate of Sumitomo Mitsui Financial Group (SMFG), from $200M-$400M. In addition to the increase in the size of the facility, the facility’s reinvestment period was extended by approximately eight months from January 20, 2015 to September 14, 2015, and its final maturity date was also extended from January 20, 2020 to September 14, 2020. The reinvestment period and final maturity date are both subject to two one-year extensions by mutual agreement. The facility continues to be secured by first lien assets and has a stated interest rate of LIBOR with no floor plus 2.125%. | |
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News For ARCC;SMFG From The Last 14 Days Check below for free stories on ARCC;SMFG the last two weeks. |
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| May 16, 2013 | | 07:41 EDT |  | ARCC | Wells Faro to host a conference
 Subscribe for More Information | | | May 14, 2013 | | 07:28 EDT | | ARCC | UBS to host a conference
Subscribe for More Information | | | May 8, 2013 | | 09:39 EDT |  | SMFG | Sumitomo Mitsui downgraded to Neutral from Buy at BofA/Merrill
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