secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001104659-23-119533
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital issues $300M additional 7.000% notes due 2027; proceeds to repay credit facilities
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- Issued $300M of 7.000% notes due 2027; net proceeds ~$298.2M after $2.3M in expenses.
- Notes are additional issuance under same indenture as $600M August 2023 notes; same CUSIP and terms.
- Matures Jan 15, 2027; interest paid semi-annually at 7.000% starting Jan 15, 2024.
- Proceeds to repay outstanding credit facility debt; may reborrow for general corporate purposes.
- Underwriters include BofA Securities, J.P. Morgan, SMBC Nikko, and Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923119533/0001104659-23-119533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465923119533/tm2329803d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-119533

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