debt
confidence high
sentiment positive
materiality 0.50
Ares Capital extends SMBC credit facility to Dec 2029, cuts interest spread
ARES CAPITAL CORP
- Reinvestment period extended to Dec 6, 2027 (from Mar 28, 2027); maturity to Dec 6, 2029 (from Mar 28, 2029).
- Interest spread reduced by 0.50%: now 2.00% over SOFR and 1.00% over base rate.
- Facility size remains $1B; other terms materially unchanged.
- Amendment No. 11 dated Dec 6, 2024 with SMBC, Citizens Bank, and SuMi Trust as lenders.