secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001104659-24-083992
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital enters up to $1B ATM equity distribution agreements; terminates prior deals
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- New equity distribution agreements with Truist, Jefferies, Mizuho, RBC, and Regions effective July 30, 2024.
- Company may sell up to $1,000,000,000 of common stock via 'at the market' offerings on NASDAQ.
- Sales agents receive up to 1.5% commission on gross proceeds from shares sold.
- Prior equity distribution agreements dated February 7, 2024 terminated and superseded.
- No obligation to sell; actual sales depend on market conditions and capital needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924083992/0001104659-24-083992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924083992/tm2420139d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-083992

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