{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-118958","form_type":"8-K","ticker":"ARCC","cik":"0001287750","company_name":"ARES CAPITAL CORP","filed_at":"2026-10-27T10:12:15+00:00","discovered_at":"2026-10-27T10:15:00.332174+00:00","generated_at":"2026-10-27T10:15:12.539364+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Ares Capital to acquire MidCap Financial for $2.6B; $10.88/share offer is 30.1% premium","bullets":["Total consideration $10.88 per MFIC share: $1.21 cash from an Ares Management subsidiary plus ~$9.67 in ARCC stock; enterprise value ~$2.6B.","Premium of 30.1% to MFIC's Oct 26, 2026 closing price and 25.8% to its 30-day VWAP; MFIC preliminary Sept 30 NAV/share ~$12.86.","Exchange ratio based on ARCC NAV/share vs stock price; MFIC gets 50% of any premium up to 104.5% of NAV (max 102.25%); special dividend reduces stock consideration dollar-for-dollar.","MFIC termination fee $31.36M; Apollo affiliates holding 4,281,394 MFIC shares (>5%) signed voting support agreements; no ARCC shareholder vote required.","Closing conditions include MFIC stockholder approval, NASDAQ listing, Form N-14 effectiveness and HSR clearance; deal expected accretive to ARCC core earnings and dividend support."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-118958","json":"https://secwatch.observer/filing/0001104659-26-118958.json","markdown":"https://secwatch.observer/filing/0001104659-26-118958.md","text":"https://secwatch.observer/filing/0001104659-26-118958.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1287750/000110465926118958/0001104659-26-118958-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1287750/000110465926118958/tm2628314d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-27T10:15:12.539364+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}