Ares Capital announces $1.2 billion financing commitments in Q2

By Toni Weeks

San Luis Obispo, Calif., Aug. 6 - Ares Capital Corp. said that its financing commitments during the second quarter totaled more than $1.2 billion.

According to a press release, the company served as the documentation agent in a $325 million second-lien term loan for the acquisition of Coinmach Service Corp. and AIR-serv Holdings Inc by Pamplona Capital Management, forming CSC ServiceWorks, Inc., as the administrative agent in a $175 million senior secured credit facility for the acquisition of nCircle Network Security Inc. by Tripwire, Inc. and as the administrative agent, lead arranger and bookrunner for an $85 million senior secured credit facility in support of the refinancing of Industrial Service Solutions.

New York-based Ares Capital is a specialty finance company that provides one-stop financing solutions to U.S. middle-market companies and private equity sponsors.

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