Ares Capital builds energy team


As part of its strategy to boost energy lending capabilities, Ares Capital (ARCC) hires Owen Hill and Jonathan Shepko as Managing Directors to focus on debt financing opportunities in the oil and gas industries.

"Our expanded focus on lending to the oil and gas industry is a direct result of the growing market for domestic energy solutions and the changing appetite and risk tolerance of traditional banks for providing debt financing in the industry."

Hill and Shepko have more than 20 years combined oil and gas lending experience at various institutions.

Comments (6)
  • Brucejfern
    , contributor
    Comments (1699) | Send Message
     
    I am not that comforted that ARCC wants to get into energy so late in the game.
    24 Mar 2014, 10:13 AM Reply Like
  • smurf
    , contributor
    Comments (6048) | Send Message
     
    Brucej..........

     

    As an ARCC shareholder, I'm with you and not sure I like this move.

     

    I think you have to ask, what kind of oil and gas companies will be coming to a BDC for financing? There are an awful lot of one rig Charleys out there operating in a boom or bust cycle.

     

    Going to watch this closely with an itchy sell button finger.

     

    Thanks.
    24 Mar 2014, 10:21 AM Reply Like
  • TDCtopdeadcenter
    , contributor
    Comments (20) | Send Message
     
    I agree with B. & smurf….. this makes me nervous in the service ….. they don't call it wildcatting for nothing !!……Ciao , T
    24 Mar 2014, 08:42 PM Reply Like
  • brushman5
    , contributor
    Comments (50) | Send Message
     
    ares management llc has a small amount of exco resources.
    24 Mar 2014, 09:23 PM Reply Like
  • AdamDivy
    , contributor
    Comments (412) | Send Message
     
    Maybe these 2 guys, Hill and Shepko, can really pull it off.
    25 Mar 2014, 10:49 AM Reply Like
  • Douglas E. Johnston
    , contributor
    Comments (1773) | Send Message
     
    there are opportunities to sneak into the cap structure with secured lending on some of these cap thirsty E&Ps....just saying
    25 Mar 2014, 03:32 PM Reply Like
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