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FILE SHARING NEWS ARCHIVE

Ares- Raising New Equity Capital?

Friday, October 21, 2011 11:33 PDT -07:00   News   No Comments »
Do you know that the key Business Development company:Ares Capital (ARCC)is desiring to become bigger?This was proved when the said company declared an equity that offers as much as $2bn in new equity. Ares is mum when it comes to what the proceeds will be used for but it’s been rumored that the company has a bead on an acquisition. Read what what the filing states below:
“We believe the recent dislocation and illiquidity in the credit markets has increased the likelihood of further consolidation in our industry. To that end, we and our portfolio company IHAM are evaluating (and expect to continue to evaluate in the future) a number of potential strategic acquisition opportunities, including acquisitions of:
•asset portfolios; •contracts to manage CLO vehicles and other investment vehicles; •other private and public finance companies or asset managers; and •selected secondary market assets.
We and our portfolio company IHAM have been and from time to time engage in discussions with counterparties in respect of various potential strategic acquisition and investment transactions, including potential acquisitions of other finance companies. Some of these transactions could be material to our business and, if consummated, could be difficult to integrate, result in increased leverage or dilution and/or subject us to unexpected liabilities. However, none of these discussions has progressed to the point where the consummation of any such transaction could be deemed to be probable or reasonably certain as of the date of this prospectus. Consummation of any such transaction will be subject to completion of due diligence, finalization of key business and financial terms (including price) and negotiation of final definitive documentation as well as a number of other factors and conditions including, without limitation, the approval of our board of directors (after having determined that such transaction is in the best interest of our stockholders), any required third party consents and, in certain cases, the approval of our stockholders. We cannot predict how quickly the terms of any such transaction could be finalized, if at all. Accordingly, there can be no assurance that definitive documentation for any such transaction would be executed or even if executed, that any such transaction will be consummated. In connection with evaluating potential strategic acquisition and investment transactions, we have, and may in the future, incur significant expenses for the evaluation and due diligence investigation of these potential transactions.”
TARGET: MCGC? OTHER PROSPECTS?
There was no given name who Ares might be in discussions with but some say it’s Micrograms Capital (MCGC) since the company’s stocks remains moving violently in recent days. MCGC’s price at a discount will be within the $700mn-$750mn range, which is within Ares’ ambit.
There are also other prospects aside from MCGC and the one of the names that came up was CLO or Centralized Loan Obligations.
ARES Remains VERY BUSY IN RECENT Days
Although Ares has not yet revealed its third quarter 2011 revenue, the company said that the third quarter for them was one of the busiest quarter with total commitments equating up to 30% of total investments at June.
PORTFOLIO CLEAN-UP?
The filing also offers a sneak peek of the 3rd quarter’s report, and recorded was the $971mn in repayments and 2% of this were of non-accruing loans proving that Ares is continuing its very effective campaign in cleaning its balance sheet.
YIELDS Lower, THEN UP?
A very interesting revelation is that the average yields on new loans booked were 10.0%, while loans being paid back were generating 10.2% which indicates pressure on Ares’ average portfolio yield. On the other hand, when loan spreads are going forward so that new assets are now exceeding paid-off assets and risk remains unchanges, this is usually good news for the company and shareholders. Furthermore, Ares will be producing higher returns from all the new loans booked by distributing a percentage of them, which assists return on assets and equity. Even during slightly more challenging environment we will still expect Ares to have the ability to find a home for these newly minted loans considering that the majority are senior in the capital structure and came from larger sized borrowers. Moreover, Ares carries on investing more capital in its JV with GE Capital and the structure of that deal is accretive to the aggregate yield. Therefore we may have a little drop in the average yield in the third quarter, but notice a catch-up and a rise in future periods.
CONCLUSION
Although Ares has a laddered debt profile, it is still the cream of the crop when it comes to larger BDC’s. And considering these moves from Ares, I believe that they can withstand a potential recession in 2012.

Do you know that the key Business Development company:Ares Capital (ARCC)is desiring to become bigger?This was proved when the said company declared an equity that offers as much as $2bn in new equity. Ares is mum when it comes to what the proceeds will be used for but it’s been rumored that the company has a bead on an acquisition. Read what what the filing states below:

“We believe the recent dislocation and illiquidity in the credit markets has increased the likelihood of further consolidation in our industry. To that end, we and our portfolio company IHAM are evaluating (and expect to continue to evaluate in the future) a number of potential strategic acquisition opportunities, including acquisitions of:

•asset portfolios; •contracts to manage CLO vehicles and other investment vehicles; •other private and public finance companies or asset managers; and •selected secondary market assets.

We and our portfolio company IHAM have been and from time to time engage in discussions with counterparties in respect of various potential strategic acquisition and investment transactions, including potential acquisitions of other finance companies. Some of these transactions could be material to our business and, if consummated, could be difficult to integrate, result in increased leverage or dilution and/or subject us to unexpected liabilities. However, none of these discussions has progressed to the point where the consummation of any such transaction could be deemed to be probable or reasonably certain as of the date of this prospectus. Consummation of any such transaction will be subject to completion of due diligence, finalization of key business and financial terms (including price) and negotiation of final definitive documentation as well as a number of other factors and conditions including, without limitation, the approval of our board of directors (after having determined that such transaction is in the best interest of our stockholders), any required third party consents and, in certain cases, the approval of our stockholders. We cannot predict how quickly the terms of any such transaction could be finalized, if at all. Accordingly, there can be no assurance that definitive documentation for any such transaction would be executed or even if executed, that any such transaction will be consummated. In connection with evaluating potential strategic acquisition and investment transactions, we have, and may in the future, incur significant expenses for the evaluation and due diligence investigation of these potential transactions.”

TARGET: MCGC? OTHER PROSPECTS?

There was no given name who Ares might be in discussions with but some say it’s Micrograms Capital (MCGC) since the company’s stocks remains moving violently in recent days. MCGC’s price at a discount will be within the $700mn-$750mn range, which is within Ares’ ambit.

There are also other prospects aside from MCGC and the one of the names that came up was CLO or Centralized Loan Obligations.

ARES Remains VERY BUSY IN RECENT Days

Although Ares has not yet revealed its third quarter 2011 revenue, the company said that the third quarter for them was one of the busiest quarter with total commitments equating up to 30% of total investments at June.

PORTFOLIO CLEAN-UP?

The filing also offers a sneak peek of the 3rd quarter’s report, and recorded was the $971mn in repayments and 2% of this were of non-accruing loans proving that Ares is continuing its very effective campaign in cleaning its balance sheet.

YIELDS Lower, THEN UP?

A very interesting revelation is that the average yields on new loans booked were 10.0%, while loans being paid back were generating 10.2% which indicates pressure on Ares’ average portfolio yield. On the other hand, when loan spreads are going forward so that new assets are now exceeding paid-off assets and risk remains unchanges, this is usually good news for the company and shareholders. Furthermore, Ares will be producing higher returns from all the new loans booked by distributing a percentage of them, which assists return on assets and equity. Even during slightly more challenging environment we will still expect Ares to have the ability to find a home for these newly minted loans considering that the majority are senior in the capital structure and came from larger sized borrowers. Moreover, Ares carries on investing more capital in its JV with GE Capital and the structure of that deal is accretive to the aggregate yield. Therefore we may have a little drop in the average yield in the third quarter, but notice a catch-up and a rise in future periods.

CONCLUSION

Although Ares has a laddered debt profile, it is still the cream of the crop when it comes to larger BDC’s. And considering these moves from Ares, I believe that they can withstand a potential recession in 2012.

Check Out A New World with Ares

Tuesday, October 4, 2011 7:10 PDT -07:00   Ares, Featured, News, general   No Comments »

A lot has changed since the days when I used to ride my bike down to the local record store to find something to spend my weekly allowance on.  It used to be, that a person had to save up and wait for weeks to get his or her hands on their favorite record.  And when they wore that one out, they had to figure out a way to buy another one.  Sharing music meant inviting your friends over to listen to something with you, so you could talk about it with them right then and there.  Now, everything is accessible through the world wide web.

With Ares, I don’t have to wait more than a few minutes to get endless amounts of music flowing through my ears.  I can sit and listen to as many songs as I want, as often as I want, and these ears of mine still like to hear a lot of sound.  I was told by my oldest son that I should Download Ares, so I could open up to some different types of music. Since the kid has pretty good taste, I told him that I would give it try.  After logging on, and getting my Ares Free Download, I was hooked for good.

My music library now consists of hundreds of different artists, and thousands of different songs, some that I never would have hear of if I had not taken the advice of my oldest son.  It is clear to me that I have been exposed to a whole new world, and I could not be happier to be a part of it.  I even have recently discovered that I can download movies with Ares as well.  It is likely going to take the strength of ten mighty men to get me out of my computer chair.  With all of the music and movies that I will be acquiring over the next several months, I will not have much time to do anything else.  There are so many things that I want to see, and so many more things that I want to hear.  The world has become mysterious place once again.

Ares Free Download the Top Music Download Site

Monday, October 3, 2011 11:29 PDT -07:00   Ares, Featured, Music websites   No Comments »

If you are looking for a great place to download music at super speed then Ares is the site you’ve been looking for.  Not only will you have lightening speed downloads, but you’ll be able to meet people from all over the world that have similar interests to you.  P2P is short for peer to peer file sharing. This gives you access to over 100 million songs, software programs, movies and games.  This is the fastest growing and most popular file sharing system available.  Be assured that the file system is totally legal.  You’ll never have to worry about ad-ware or spy-ware of any type.  You are guaranteed an environment free from any worries.

To get started simply download Ares to your computer.  The download is free and takes just minutes to set up.  You will be able to experience firsthand how fast your music will download and how much entertainment will be at your fingertips.  In addition to these fantastic downloads, you’ll even have the ability to burn your own CDs, DVDs and games. This allows for instant access when you are somewhere without Internet service.

The Ares free download offers additional features above the ones we’ve already discussed.  The number of music downloads is Unlimited! The movies are DVD quality as well as the new HD.  Your library organizer places your downloads into specific categories making it really easy to find what you are looking for.  In fact, you’ll even be able to start listening to your music before it has finished downloading.  How’s that for instant gratification?

If you are interested in networking with people from around the world that share your interests you’ll love the file sharing chat rooms.  Ares members are over 30 million strong and come from everywhere in the world with Internet access.  You can enjoy joining chat rooms as well as benefit from the bloggers section offering helpful hints and ideas.  In no time you may even find yourself to be a regular participant in both the file sharing chat rooms and bloggers area.  Don’t hesitate another moment.  This is the opportunity you’ve been looking for.  Download Ares free and be listening to new music, seeing new movies and making new friends right from the comfort of your computer.


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