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Ares Capital expands portfolio and lowers borrowing rates through MidCap Financial acquisition

The Motley Fool +1 · ·by G4L

ARCC
ARCC Ares Capital Corp
$19.35 +1.15%
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  1. 1Ares Capital announced the acquisition of MidCap Financial Investment Corporation during its Q3 2026 earnings release.
  2. 2The acquisition expands its middle-market presence by securing more than 200 portfolio companies.
  3. 3Management secured lower borrowing rates by utilizing the unsecured debt market and resetting securitization facilities.

So what's the key point?

Ares Capital has decided to acquire MidCap Financial. This move will help the company secure more businesses and reduce the cost of borrowing money.

Source The Motley Fool +1 · View original ↗

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