secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061866
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923061866/0001104659-23-061866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923061866/tm2316047d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061866

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