Ares Capital (NASDAQ:ARCC) Q2 2023 Earnings Conference Call July 25, 2023 11:00 AM ET

Company Participants

John Stilmar - MD, Public IR & Communications

Kipp DeVeer - CEO & Director

Penni Roll - CFO

Mitchell Goldstein - Senior Partner, Partner, Co-President & Co-Head of Ares Credit Group

Kort Schnabel - Partner, Co-President and Co-Head of U.S. Direct Lending

Jana Markowicz - Chief Operating Officer

Conference Call Participants

Melissa Wedel - JPMorgan

Finian O'Shea - Wells Fargo Securities

Arren Cyganovich - Citi

Ryan Lynch - KBW

Kenneth Lee - RBC Capital Markets

Casey Alexander - Compass Point

Robert Dodd - Raymond James

Mark Hughes - Truist Securities

Bryce Rowe - B. Riley

Erik Zwick - Hovde Group

John Rowan - Janney Montgomery Scott

Operator

Good morning. Welcome to Ares Capital Corporation's Second Quarter June 30, 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded on Tuesday, July 25, 2023.

I will now turn the call over to Mr. John Stilmar, Managing Director of Ares Investor Relations.

John Stilmar

Thank you very much. Let me start with some important reminders. Comments made during the course of this conference call and webcast as well as the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. The company's actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. Ares Capital Corporation assumes no obligation to update any such forward-looking statements. Please also note that past performance or market information is not a guarantee of future results.

During this conference call, the company may discuss certain non-GAAP measures as defined by SEC Regulation G, such as core earnings per share or core EPS. The company believes that core EPS provides useful information to investors regarding financial performance because it's one method the company uses to measure its financial condition and results of operation. A reconciliation of GAAP net income per share, the most directly comparable GAAP financial measure to core EPS can be found in the accompanying slide presentation for this call. In addition, reconciliation of these measures may also be found in our earnings release filed this morning with the SEC on Form 8-K.

Certain information discussed in this conference call and the accompanying slide presentation, including information relating to portfolio companies, was derived from third-party sources and has not been independently verified. And accordingly, the company makes no such representations or warranties with respect to this information. The company's second quarter ended June 30, 2023 earnings presentation can be found on the company's website at www.arescapitalcorp.com by clicking on the Second Quarter 2023 Earnings Presentation link on the home page of the Investor Resources section of our website. Ares Capital Corporation's earnings release and Form 10-Q are also available on the company's website.