Ares Capital: Sustainable 10%+ Yielding Best-Of-Breed BDC Finally On Sale

Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ: ARCC) announced today the establishment of its inaugural commercial paper program. The program allows the Company to issue up to a maximum aggregate amount outstanding at any time of $1 billion of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with the Company's other senior unsecured indebtedness. The Company e

Wondering if Ares Management at around US$125 per share is a bargain or a warning sign? This article breaks down what that price may really be saying about value. The stock is down about 24.5% year to date and 25.3% over the past year, even though the 3 year and 5 year returns of 48.8% and 147.3% tell a very different long term story, so recent moves may look confusing if you only glance at the chart. Recent coverage has focused on how Ares Management fits into broader discussions about...