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

Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001104659-25-002067
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Ares Capital Corporation Issues $1 Billion of 5.800% Notes Due 2032
-------------------------------------------------------------------

- On January 8, 2025, Ares Capital issued $1,000,000,000 aggregate principal amount of 5.800% notes due March 8, 2032.
- The notes are direct unsecured obligations and bear interest at 5.800% per year, payable semiannually.
- Net proceeds will be used to repay outstanding indebtedness under the company's debt facilities.
- Ares Capital entered into a forward-starting interest rate swap with Wells Fargo to swap fixed rate to floating rate based on SOFR.
- The notes may be redeemed in whole or in part at the company's option at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465925002067/0001104659-25-002067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465925002067/tm252148d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-002067

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