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

Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001287750-23-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital amends SMBC funding facility to transition from LIBOR to SOFR rate
-------------------------------------------------------------------------------

- Amendment converts interest rate from LIBOR to SOFR plus 0.10% credit spread adjustment.
- Spread unchanged at 1.75%-2.00% over SOFR or 0.75%-1.00% over base rate.
- Facility size remains $1B; no change to borrowing base or covenants.
- Amendment executed April 28, 2023; parties include SMBC, Citizens Bank, SuMi Trust.
- Facility governed by existing covenants and Investment Company Act leverage restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000128775023000025/0001287750-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000128775023000025/arcc-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001287750-23-000025

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