secwatch / observer
8-K filed July 25, 2023, 7:59 PM ET ticker ARCC CIK 0001287750
other material confidence high sentiment neutral materiality 0.30

Ares Capital adds Jefferies and Mizuho as ATM sales agents, terminates SMBC Nikko

ARES CAPITAL CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

ARES CAPITAL CORP entered into Equity Distribution Agreements (Jefferies LLC and Mizuho Securities USA LLC) with Jefferies LLC and Mizuho Securities USA LLC valued at Adds Jefferies and Mizuho as additional Sales Agents under existing ATM program (effective 2023-07-25).

Action
entry
Agreement
equity purchase
Counterparty
Jefferies LLC and Mizuho Securities USA LLC
Value
Adds Jefferies and Mizuho as additional Sales Agents under existing ATM program
Effective
2023-07-25
Exact text from the filing
On July 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 (a) an equity distribution agreement with Jefferies LLC (“Jefferies”) and (b) an equity distribution agreement with Mizuho Securities USA LLC (“Mizuho”), in each case, on the same terms as the equity distribution agreement, dated April 25, 2023 (the “Truist Equity Distribution Agreement”), entered into with Truist Securities, Inc. (“Truist”) and the equity distribution agreement, dated April 25, 2023 (the “Regions Equity Distribution Agreement”), entered into with Regions Securities LLC (“Regions,” and together with Jefferies, Mizuho and Truist, the “Sales Agents”) for the purpose of adding Jefferies and Mizuho as additional Sales Agents under the Company’s existing “at the market” program equity offering
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

ARES CAPITAL CORP terminated SMBC Equity Distribution Agreement with SMBC Nikko Securities America, Inc. valued at Termination of equity distribution agreement with SMBC upon written notice (effective 2023-07-25).

Action
termination
Agreement
equity purchase
Counterparty
SMBC Nikko Securities America, Inc.
Value
Termination of equity distribution agreement with SMBC upon written notice
Effective
2023-07-25
Exact text from the filing
On July 25, 2023, the Company provided written notice to SMBC Nikko Securities America, Inc. (“SMBC”) of its election to terminate the equity distribution agreement, dated April 25, 2023 (the “SMBC Equity Distribution Agreement”), by and among the Company, Ares Capital Management, Ares Operations and SMBC.
View on SEC.gov

622 material agreements filed in the last 30 days. Browse all material agreements →

ARES CAPITAL CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-083876
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