secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001104659-24-122612
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital completes $544M CLO securitization through subsidiary ADL CLO 4
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- $464M Class A Senior Floating Rate Loans at Term SOFR +1.54% issued.
- $80M Class B Senior Floating Rate Loans at Term SOFR +1.83% issued.
- $260.1M Subordinated Notes (no interest) retained by Ares Capital, eliminated on consolidation.
- CLO Secured Loans and Notes mature October 24, 2036.
- Net proceeds to repay outstanding indebtedness under debt facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924122612/0001104659-24-122612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465924122612/tm2429408d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122612

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