{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-049659","form_type":"8-K","ticker":"ARCC","cik":"0001287750","company_name":"ARES CAPITAL CORP","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.273423+00:00","generated_at":"2026-06-16T15:41:33.016104+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ares Capital enters $1B at-the-market equity distribution agreements with three sales agents","bullets":["Up to $1B of common stock may be sold at-the-market through Truist, Regions, and SMBC.","Sales agents receive commission of up to 1.5% of gross sales price.","Prior May 2022 equity distribution agreements with same agents terminated.","Company has no obligation to sell; sales depend on market conditions and capital needs.","Shares sold under existing shelf registration statement (File No. 333-256733)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-049659","json":"https://secwatch.observer/filing/0001104659-23-049659.json","markdown":"https://secwatch.observer/filing/0001104659-23-049659.md","text":"https://secwatch.observer/filing/0001104659-23-049659.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1287750/000110465923049659/0001104659-23-049659-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1287750/000110465923049659/tm2313660d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T15:41:33.016104+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f691e2b9f21dbd723e26b4fa86ef005f32169f6","claim":"ARES CAPITAL CORP terminated Equity Distribution Agreements (May 27, 2022) with Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc. (effective 2023-04-25).","evidence_excerpt":"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as of April 25, 2023, the Company and each of the Sales Agents terminated the following agreements, which have been superseded by the Equity Distribution Agreements: (i) the Equity Distribution Agreement, dated as of May 27, 2022, by and among the Company, Ares Capital Management, Ares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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1287750/000110465923049659/0001104659-23-049659-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc."},{"label":"Effective","value":"2023-04-25"}],"fact_type":"material_agreement"},{"claim_id":"7bc1147180aed4cddcda6aec90464cbcd86b0c02","claim":"ARES CAPITAL CORP entered into Equity Distribution Agreements with Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc. valued at $1,000,000,000 (effective 2023-04-25).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1287750/000110465923049659/0001104659-23-049659-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Truist Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc."},{"label":"Value","value":"$1,000,000,000"},{"label":"Effective","value":"2023-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}