secwatch / observer
8-K filed August 3, 2023, 7:59 PM ET ticker ARCC CIK 0001287750
debt confidence high sentiment neutral materiality 0.50

ARES CAPITAL CORP (ARCC): debt financing — Ares Capital issues $600M 7.000% notes due 2027, enters SOFR swap

ARES CAPITAL CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ARES CAPITAL CORP incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association at 7.000% per year payable semiannually maturing January 15, 2027.

Instrument
senior notes
Principal
$600,000,000 aggregate principal amount
Counterparty
U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association
Rate
7.000% per year payable semiannually
Maturity
January 15, 2027
Event
incurrence
Exact text from the filing
On August 3, 2023, Ares Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), entered into a Seventeenth Supplemental Indenture (the “Seventeenth Supplemental Indenture”) to the Indenture, dated October 21, 2010, between the Company and the Trustee (the “Indenture”). The Seventeenth Supplemental Indenture relates to the Company’s issuance, offer and sale of $600,000,000 aggregate principal amount of its 7.000% notes due 2027 (the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ARES CAPITAL CORP entered into Seventeenth Supplemental Indenture with U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the Trustee) valued at $600,000,000 aggregate principal amount (effective 2023-08-03).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the Trustee)
Value
$600,000,000 aggregate principal amount
Effective
2023-08-03
Exact text from the filing
On August 3, 2023, Ares Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), entered into a Seventeenth Supplemental Indenture (the “Seventeenth Supplemental Indenture”)
View on SEC.gov

222 debt financings filed in the last 30 days. Browse all debt financings →

ARES CAPITAL CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-087308
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