secwatch.observer — SEC 8-K summary
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Issuer:     ARES CAPITAL CORP (ARCC)
CIK:        0001287750
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001287750-24-000059
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Capital extends SMBC credit facility to Dec 2029, cuts interest spread
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287750/000128775024000059/0001287750-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287750/000128775024000059/arcc-20241206.htm
  HTML page:      https://secwatch.observer/filing/0001287750-24-000059

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