---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-005898"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:50:04.461698+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ares Capital issues $1B of 5.875% notes due 2029; enters interest rate swap

## Summary
- Issued $1,000,000,000 aggregate principal of 5.875% notes due March 1, 2029.
- Interest payable semiannually March 1 and September 1, starting September 1, 2024.
- Net proceeds to repay outstanding indebtedness under debt facilities; may reborrow for investments.
- Entered $1B notional interest rate swap: receive fixed 5.875%, pay 1M SOFR + 2.026%.
- Notes are direct unsecured obligations; change of control repurchase event triggers 100% purchase offer.

## SEC filing metadata
- accession: 0001104659-24-005898
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/0001104659-24-005898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/tm243887d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-005898
- JSON: https://secwatch.observer/filing/0001104659-24-005898.json
- Plain text: https://secwatch.observer/filing/0001104659-24-005898.txt

## Key facts
- Debt Financings
  ARES CAPITAL CORP incurred senior notes of $1,000,000,000 with U.S. Bank Trust Company, National Association at 5.875% maturing March 1, 2029.
  - Instrument: senior notes
  - Principal: $1,000,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 5.875%
  - Maturity: March 1, 2029
  - Event: incurrence
  source text: On January 23, 2024, 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 an Eighteenth Supplemental Indenture (the “Eighteenth Supplemental Indenture”) to the Indenture, dated October 21, 2010, between the Company and the Trustee (the “Indenture”). The Eighteenth Supplemental Indenture relates to the Company’s issuance, offer and sale of $1,000,000,000 aggregate principal amount of its 5.875% notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/0001104659-24-005898-index.htm
- Material Agreements
  ARES CAPITAL CORP entered into Eighteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $1,000,000,000 aggregate principal amount of its 5.875% notes due 2029 (effective 2024-01-23).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $1,000,000,000 aggregate principal amount of its 5.875% notes due 2029
  - Effective: 2024-01-23
  source text: On January 23, 2024, 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 an Eighteenth Supplemental Indenture (the “Eighteenth Supplemental Indenture”) to the Indenture, dated October 21, 2010, between the Company and the Trustee (the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/0001104659-24-005898-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.