---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061866"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:14:33.463689+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Ares Capital enters uncommitted LC facility with Deutsche Bank on May 11, 2023

## Summary
- Facility enables Deutsche Bank to issue standby letters of credit or demand guarantees at its sole discretion.
- Ares may terminate the facility with written notice; Deutsche Bank may terminate with 30 days' notice.
- The facility is secured on a pari passu basis with Ares' existing senior secured revolving credit facility.
- No maximum commitment amount is specified since the facility is uncommitted.
- The agreement is governed by customary terms including reimbursement, fees, and indemnification provisions.

## SEC filing metadata
- accession: 0001104659-23-061866
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000110465923061866/0001104659-23-061866-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000110465923061866/tm2316047d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061866
- JSON: https://secwatch.observer/filing/0001104659-23-061866.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061866.txt

## Key facts
- Material Agreements
  ARES CAPITAL CORP entered into Uncommitted Continuing Agreement for Standby Letters of Credit and Demand Guarantees with Deutsche Bank AG New York Branch (effective 2023-05-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Deutsche Bank AG New York Branch
  - Effective: 2023-05-11
  source text: On May 11, 2023, Ares Capital Corporation (the “Company”) entered into an Uncommitted Continuing Agreement for Standby Letters of Credit and Demand Guarantees (the “2023 Uncommitted LC Facility”) with Deutsche Bank AG New York Branch (the “Issuer”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465923061866/0001104659-23-061866-index.htm

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