secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001104659-25-088625
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 $650M in 5.100% notes due 2031 to repay debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000110465925088625/0001104659-25-088625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000110465925088625/tm2524475d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-088625

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