Senior Secured Loan Program Closes $590 Million in Commitments During the Second Quarter of 2012
The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital (NYSE: GE), announced today that it closed three financing commitments totaling $590 million, including refinancing transactions, during the second quarter of 2012. Since January 1, 2010, the SSLP has committed approximately $7.3 billion to middle-market borrowers.
“The transaction activity during the second quarter illustrates the importance of closing certainty and financing flexibility which SSLP provides to private equity sponsors,” said Michael Arougheti, President of Ares Capital.
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