Ares Capital enters $1B at-the-market equity distribution agreements with three sales agents

Effective as of April 25, 2023, the Company and each of the Sales Agents terminated the following agreements, which have been superseded by the Equity Distribution Agreements: (i) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and Truist, (ii) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and Regions and (iii) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares Operations and SMBC in accordance with their respective terms.

On April 25, 2023, Ares Capital Corporation (the “Company”) its investment adviser, Ares Capital Management LLC (“Ares Capital Management”) and its administrator, Ares Operations LLC (“Ares Operations”) entered into separate equity distribution agreements, with each of Truist Securities, Inc. (“Truist”), Regions Securities LLC (“Regions”) and SMBC Nikko Securities America, Inc. (“SMBC,” and together with Truist and Regions, the “Sales Agents”). The equity distribution agreements with the Sales Agents described in the preceding sentences are collectively referred to herein as the “Equity Distribution Agreements.” The Equity Distribution Agreements provide that the Company may from time to time issue and sell shares of its common stock, par value $0.001 per share (“Shares”), having an aggregate offering price of up to $1,000,000,000, through the Sales Agents, or to them as principal for their own respective accounts.