---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-003069"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:26:45.589930+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ares Capital increases BNP Funding Facility by $200M to $500M; adjusts interest rate margins

## Summary
- Commitments under BNP Funding Facility increased by $200M from $300M to $500M.
- Interest rate switched from LIBOR+1.80%/2.30% to SOFR+2.30%/2.80% based on reinvestment period.
- Amendment executed on January 9, 2023; other terms materially unchanged.
- Facility is uncommitted; advances are at lenders' discretion.

## SEC filing metadata
- accession: 0001104659-23-003069
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000110465923003069/0001104659-23-003069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000110465923003069/tm233109d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-003069
- JSON: https://secwatch.observer/filing/0001104659-23-003069.json
- Plain text: https://secwatch.observer/filing/0001104659-23-003069.txt

## Key facts
- Material Agreements
  ARES CAPITAL CORP amended Fourth Amendment to the Revolving Credit and Security Agreement valued at $500 million (effective 2023-01-09).
  - Action: amendment
  - Agreement: credit facility
  - Value: $500 million
  - Effective: 2023-01-09
  source text: On January 9, 2023, Ares Capital Corporation (the “Company”) and ARCC FB Funding LLC, a wholly owned subsidiary of the Company, amended the document governing its revolving funding facility (the "BNP Funding Facility") by entering into a Fourth Amendment to the Revolving Credit and Security Agreement (the “Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465923003069/0001104659-23-003069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.