Ares: Senior Secured Loan Program closes $1 billion Q1 commitments

By Susanna Moon

Chicago, May 5 – Ares Capital Corp. and an affiliate of GE Capital, who jointly manage the Senior Secured Loan Program, closed six financing transactions in the first quarter of 2015.

The transactions include refinancings of existing portfolio companies and totaled more than $1 billion, according to a company press release.

Since Jan. 1, 2010 through March 31, the SSLP has committed about $19.2 billion to middle-market borrowers.

According to the release, the program was formed in December 2007 to invest in the senior secured debt of middle-market companies. Its members are Ares Capital and GE Global Sponsor Finance LLC, and the program is co-managed by Ares Capital Management LLC, a Los Angeles-based specialty finance company that provides debt and equity financing solutions to U.S. middle-market companies, and GE Commercial Finance Investment Advisory Services LLC.

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