---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-088625"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:14:07.350813+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ares Capital issues $650M in 5.100% notes due 2031 to repay debt

## Summary
- Issued $650M aggregate principal of 5.100% notes maturing Jan 15, 2031; interest payable semiannually Jan 15 and Jul 15 starting 2026.
- Net proceeds used to repay outstanding debt under existing debt facilities; reborrowing allowed for general corporate purposes.
- Notes are direct unsecured obligations; covenants include compliance with Investment Company Act Section 18(a)(1)(A) as modified.
- Entered forward-starting interest rate swap with Wells Fargo, notional $650M, to swap fixed 5.100% for floating (1M SOFR + 1.7270%), effective Jul 15, 2026.
- Transaction closed Sep 9, 2025; offered under shelf registration; U.S. Bank Trust Company serves as trustee and custodian.

## SEC filing metadata
- accession: 0001104659-25-088625
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2025-09-09T23:59:59+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/1287750/000110465925088625/0001104659-25-088625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000110465925088625/tm2524475d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088625
- JSON: https://secwatch.observer/filing/0001104659-25-088625.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088625.txt

## Key facts
- Debt Financings
  ARES CAPITAL CORP incurred senior notes of $650,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.100% per year maturing January 15, 2031.
  - Instrument: senior notes
  - Principal: $650,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 5.100% per year
  - Maturity: January 15, 2031
  - Event: incurrence
  source text: relates to the Company’s issuance, offer and sale of $650,000,000 aggregate principal amount of its 5.100% notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000110465925088625/0001104659-25-088625-index.htm

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