debt
confidence high
sentiment neutral
materiality 0.50
ARCC upsizes revolving credit facility to $2.15B, extends maturity to 2029
ARES CAPITAL CORP
- Commitments increased from $1.775B to $2.150B, a $375M increase.
- Reinvestment period extended to October 8, 2027; stated maturity extended to October 8, 2029.
- Interest rate spread adjusted from 1.90% to 2.00% over SOFR or base rate.
- Borrowings remain subject to facility covenants and Investment Company Act leverage restrictions.