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ARCC Q1 2021 Update
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ARCC Q1 2021 Update

BDC Buzz
Apr 28, 2021
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Summary

  • Another strong quarter for ARCC with 2.8% NAV growth, hitting my best-case projections, improved portfolio credit quality, no new non-accruals, and reduced leverage.

  • Improving conditions resulted in many markups including its non-accruals of which ADG (dental service provider) is now marked at 97% of cost and will likely be back on accrual.

  • ARCC is…

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