Ares Capital Corporation Closes Senior Credit Facility and Equity Investment in Conjunction with ClearLight Partners' Investment in Apple & Eve.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Ares Capital Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCC ARCC Anoka Ramsey Community College ARCC Association for the Rights of Catholics in the Church ARCC Architectural Research Centers Consortium ARCC African Regional Centre for Computing ARCC AIM Research Conference Center ) is pleased to announce the closing of a $78.5 million senior credit facility in conjunction with ClearLight Partners' investment in Apple & Eve, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . ARCC acted as the Lead Arranger Lead arranger The senior tier of arranger , Administrative Agent and Collateral Agent for the facility. "Ares Capital Corporation proved to be a constructive, value-added partner for ClearLight in this transaction, and we look forward to their support in helping us take Apple & Eve to the next level over the coming years," said Josh Mack, a Principal with ClearLight Partners. ARCC also provided a minority equity investment alongside ClearLight. ABOUT APPLE & EVE Founded in 1975 and headquartered in Port Washington, New York Port Washington is a hamlet and Census Designated Place in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the community population was 15,215. , Apple & Eve is the largest independent juice company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and focuses on healthy and innovative juice products. Apple & Eve produces and markets a complete line of juices, including Apple & Eve 100% pure and natural juices and juice blends, Sesame Street Sesame Street is an American educational children's television series for preschoolers and is a pioneer of the contemporary educational television standard, combining both education and entertainment. 100% juices, organic 100% juices, tropicals and a wide variety of handy "on the go" beverages. Apple & Eve products are sold in supermarkets, warehouse clubs, health food stores, schools and convenience stores across the country. ABOUT ARES CAPITAL CORPORATION Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies. FORWARD-LOOKING STATEMENTS Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Capital Corporation undertakes no duty to update any forward-looking statements made herein. AVAILABLE INFORMATION Ares Capital Corporation's filings with the Securities and Exchange Commission, press releases, earnings releases and other financial information are available on its website at www.arescapitalcorp.com. |
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