secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001104659-24-005898
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/0001104659-24-005898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924005898/tm243887d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer