secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001104659-23-087308
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital issues $600M 7.000% notes due 2027, enters SOFR swap
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- Issued $600M aggregate principal of 7.000% notes maturing Jan 15, 2027.
- Interest payable semiannually on Jan 15 and Jul 15; first payment Jan 15, 2024.
- Proceeds to repay outstanding indebtedness under debt facilities; may reborrow.
- Entered $600M notional interest rate swap: receives fixed 7.000%, pays 1M SOFR + 2.585%.
- Swap matures Jan 15, 2027; notes are direct unsecured obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923087308/0001104659-23-087308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923087308/tm2322743d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087308

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